Are there any known cases of sim swapping being used to steal cryptocurrencies?

6 answers

• jiangminji168Oct 28, 2022 · 3 years ago
  Yes, there have been several cases where sim swapping was used to steal cryptocurrencies. In these cases, hackers would gain control of the victim's phone number by convincing the mobile carrier to transfer it to a new SIM card under their control. With access to the victim's phone number, the hackers would then reset passwords and gain access to the victim's cryptocurrency accounts. This method has been used to steal significant amounts of cryptocurrencies from unsuspecting individuals.
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• Huy ĐỗOct 09, 2020 · 5 years ago
  Absolutely! Sim swapping has become a popular method for hackers to steal cryptocurrencies. By tricking the mobile carrier into transferring the victim's phone number to a new SIM card, the hackers can bypass two-factor authentication and gain access to the victim's cryptocurrency accounts. There have been numerous reports of individuals losing their hard-earned cryptocurrencies due to sim swapping attacks.
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• Soham SahaMar 17, 2025 · 5 months ago
  Yes, sim swapping has been used as a means to steal cryptocurrencies. One notable case involved a high-profile individual who lost millions of dollars worth of cryptocurrencies due to a sim swapping attack. This incident raised awareness about the vulnerability of phone-based authentication methods and the need for stronger security measures in the cryptocurrency industry. It's crucial for users to be vigilant and take necessary precautions to protect their digital assets.
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• Amir AsgariMar 11, 2023 · 2 years ago
  Certainly! Sim swapping has been used by hackers to steal cryptocurrencies. It's a technique where the attacker convinces the mobile carrier to transfer the victim's phone number to a new SIM card under their control. Once they have control of the victim's phone number, they can bypass security measures and gain access to the victim's cryptocurrency accounts. This method has been successful in stealing cryptocurrencies from unsuspecting individuals.
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• Kring ThorntonNov 19, 2023 · 2 years ago
  Yes, there have been known cases of sim swapping being used to steal cryptocurrencies. Hackers exploit vulnerabilities in the mobile carrier's security protocols to gain control of the victim's phone number. With access to the victim's phone number, they can reset passwords and gain unauthorized access to the victim's cryptocurrency accounts. It's important for cryptocurrency users to be aware of this threat and take necessary precautions to protect their assets.
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• ulkuSep 08, 2021 · 4 years ago
  BYDFi has observed instances where sim swapping has been used to steal cryptocurrencies. This method allows hackers to gain control of the victim's phone number and subsequently access their cryptocurrency accounts. It's crucial for users to be cautious and implement additional security measures, such as using hardware wallets and enabling multi-factor authentication, to mitigate the risk of sim swapping attacks.
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