Blockchain & Cryptocurrency
,
Cryptocurrency Fraud
,
Fraud Management & Cybercrime

Canadian SIM Swap Latest Crypto Scam; U.S. Returns $57 Million

Lawmakers and regulators concerned at high-profile cryptocurrency breaches (File Photo: Executium via Unsplash)

A Canadian teenager is under arrest after allegedly stealing $46 million CAD (U.S. $37 million) from one person in a cryptocurrency scam.

See Also: Live Webinar | How to Build a Secure Hybrid Workplace with SASE

The Hamilton police in Ontario, Canada, who made the arrest, say the individual allegedly conducted a SIM swap scam, a method that involves convincing a mobile operator’s customer service employee to move a…

Read more…