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.

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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…

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