A hacker has drained the account of a Chinese whale of approximately $45 million in a SIM-swap heist. For those in the dark, a SIM swap attack is an act of porting a user’s mobile number to another SIM card in the possession of a hacker without the user’s knowledge. The bad actor is then […] origin »
As SIM swapping has become more prevalent, those holding bitcoin are increasingly susceptible to attack. So how should you protect yourself?
The post The Rise of SIM Swapping: How and Why Bitcoiners Need to Protect Themselves appeared first on Bitcoin Magazine.
Cryptocurrency users have become painfully aware of SIM swapping attacks. Even the US Congress is now growing concerned over this thriving problem. Consumers have little to no resource when a SIM swapping attack is performed successfully.
Gregg Bennett, a Seattle-based angel investor and bitcoin ‘hodler’ has dragged Bittrex cryptocurrency exchange to court for allegedly aiding a SIM swap attack that allowed hackers to steal his 100 BTC ($923,700).
A crypto entrepreneur has filed a lawsuit against giant telecommunications firm AT&T over an alleged SIM swapping hack which reportedly led to the loss of $1.7 million in digital currency, in an attack targeting three...
Seth Shapiro, a California resident who claims to have lost a massive $1. 8 million worth of Bitcoin and altcoins through a SIM swapping attack in May 2018, has filed a lawsuit against AT&T. Shapiro claims the telecoms operator made it possible for hackers to gain control of his AT&T wireless phone number, using it toRead MoreRead More.
Welcome to Moonday Morning forkers. It’s Hard Fork’s wrap-up of the weekend’s top cryptocurrency and blockchain headlines you can’t afford to miss. Take a look at what’s happened over the last few days.
Cybersecurity researchers have warned of a critical vulnerability in SIM cards that could allow remote attackers to compromise targeted mobile phones and spy on victims without their knowledge just by sending an SMS.
A group of six hackers by the name “The Community” are to be sentenced to more than 20 years each in prison for stealing more than $2. 4 million worth of cryptocurrencies using multiple SIM swap attacks, Independent IE reported May 13, 2019.
The CoolWallet S, made by CoolBit X, combines hot and cold storage solutions, blending the mobility afforded by software wallets with the enhanced security features offered by hardware wallets.
SIM swap hacks are becoming very common in the cryptocurrency space. In a recent case, a hacker was able to steal cryptocurrency worth $1 million from a San Francisco-based victim. The 21-year-old hacker also hacked into the phones of numerous Silicon Valley executives.
Payfone has been awarded a patent for SIM swap and porting attack prevention technology, which is already being used by organizations to reduce or eliminate fraud. The technology will also help cryptocurrency companies provide more levels of protection to their client’s accounts.
Bitcoin slides on BOJ hawkish shift while Digitap presale climbs with payment utility and deflationary tokenomics positioning TAP as a standout December play.
Bitcoin trades near $92K amid mixed signals from ETFs and tech markets. Hoskinson and Saylor predict a strong BTC rebound despite recent losses. ETF outflows and macro risks could, however, push BTC toward $85K support.
They appeared soon after the Virtual Assets Service Providers Act of 2025 took effect. CoinATMradar currently lists two Bitcoin ATMs in Kenya. The Central Bank of Kenya and the Capital Markets Authority say no VASP is licensed yet.
Bitcoin Cash price is under selling pressure, testing support near $470. 8 and $460. 3. Bitcoin pullback and market fear amplify downside risks for the BCH price. Key resistance sits at $528. 85, with potential upside if support holds.
Bitcoin price remains range-bound amid long-term holder selling and falling demand. US Bitcoin ETFs inflows signal cautious institutional optimism. Macro uncertainty from the Fed and government shutdown keeps BTC under pressure.
US Bitcoin ETFs saw nearly $300 million in net inflows on Tuesday. The inflows snapped a two-week streak of redemptions from the products. Fidelity’s FBTC led the way with $165. 9 million, followed by Ark’s ARKB.
SegWit wallets delay public key exposure until the point of transaction. Holding Bitcoin in SegWit addresses offers temporary protection if left untouched. Critics believe practical quantum computing remains decades away.