May 13, 2021

US authorities arrested $ 550,000 cryptocurrency suspects

United States Federal Bureau of Investigation (FBI) arrests two Massachusetts residents for alleged theft cryptocurrencies and hacking accounts on social networks through fraud with SIM cards.

According to a press release, US Department of Justiceaccused Eric Meiggs and Declan Harrington of conspiracy, electronic fraud, computer fraud, and theft of personal data of the head of the cryptocurrency company and other persons “who could own a significant amount of cryptocurrency”.

Criminals allegedly tried to stealover $ 550,000 in cryptocurrencies from 10 different people and, apparently, got access to two accounts on social networks. The names of the victims were not named, but the indictment briefly describes their connection with the cryptocurrency industry. One of the users owned a crypto machine, while the other ran a “blockchain related business.”

SIM card fraud is not the first timeused to steal cryptocurrencies. Recently, cryptocurrency investor Michael Terpin has filed with the US Federal Communications Commission to stop SIM fraud. He had previously won a case against Nicholas Truglia, who allegedly stole crypto assets from him.

Another investor Seth Shapiro filedlawsuit against telecommunications company AT&T. According to him, employees of the company gained access to his account, which led to the theft of more than $ 1.8 million, including in cryptocurrencies. In February, a student from California was sentenced to 10 years for stealing cryptocurrencies using a fake SIM card.

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