15 Crypto Community Members Targeted As SIM-Port Hack Trend Spikes2.6

Last week, NewsBTC put a spotlight on the increasing need for account security for crypto investors, due to an emerging trend of SIM-port hacks that have resulted in investors having their accounts completely drained by cyber criminals. These cyber criminals gain access to a crypto investor’s phone number with the goal of intercepting SMS-based authentication codes that will allow the hackers easy entry into the investor’s sensitive accounts, such as personal email accounts, or even direct access to crypto exchanges themselves where assets are held.

Since then, reports of an additional 15 more crypto community members have been targeted in like-cases of SIM-port hacks, demonstrating how this emerging trend is rapidly becoming a major threat for all crypto investors.

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