SIM-swap is an attack in which criminals call customer service agents and ask them to transfer a number to a new device.
Although the attack is often immediately noticed by the owners because they notice that they are not receiving phone calls, the space this is enough to empty their accounts. Immediately after SIM-swapping, they use the phone number to bypass 2FA security checks and gain access to high-value accounts.
According to US prosecutors, Truglia beat Robert Ross from San Francisco on October 26. The SIM-swap brought the defendant a total of $ 1 million in Coinbase from the victim's accounts.
Ross quickly realized something was wrong with his mobile device and called his service provider, who informed him that he had switched SIMs. But by the time they restored service and recovered the number, the cryptocurrencies were done wings.
According to the authorities, the 21-year-old managed to gain access to the cards of six victims, but he did not have any valuable information on their mobile devices.
Authorities were able to recover $ 14 after Truglia was arrested on November 300.000. The rest, however, have not been identified.
Truglia is currently awaiting extradition to Santa Clara, California, where he faces a total of 21 felony counts.
SIM-swap is a very serious problem, as many of our online accounts are connected to our mobile devices. Of course, the biggest responsibility in such attacks lies with the mobile phone providers who believe in SIM-swappers.