Silicon Valley Execs Targeted in ‘SIM Swap’ Hacking, $1 Million in Crypto Stolen15.38

A twenty-one-year-old New Yorker has stolen cryptocurrency worth a million dollars from a Silicon Valley executive by exploiting a tactic known as “SIM swapping” to take over phone number accounts by duping wireless carriers. The thief, Nicholas Truglia, attempted to steal from other crypto bigwigs with no success.

Robert Ross, a San Francisco-based angel investor involved in initial coin offering pre-sales, had his phone stolen by New York con man Nicholas Truglia. The subsequent swap of his SIM card rendered $500,000 from two separate accounts he had at Coinbase and Gemini, totaling $1 million, deputy DA Erin West of Santa Clara Superior Court told New York Post.

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