All the Things You Need to Know about Sim Swap Hack

The sim card, that small plastic chip tailored to fit into the phone's sim card reader, plays the role of notifying one's cellular device on which cellular network to connect to. It also informs the network provider on which phone number a user will be utilizing. Due to the nature of mobile cellular devices, they are usually prone to be lost. This necessitates switching all these details to a new subscriber identity module (sim) card, increasing ties between one's phone…

Coinsquare Hacker Reveals Plan To Steal Bitcoin

Someone or group stole users’ personal information from Canada-based cryptocurrency exchange and intends to use it to carry out a wave of SIM swapping attacks. The pseudonymous hacker spoke to media outlet Vice in an online chat on June 2. Based on a report by Vice, the perpetrators said they originally had the intention of selling the data but discovered that more money would be made by SIM swapping the accounts When it comes to SIM swapping, it has to do with cloning someone’s…

SIM Swap Heist Sees Chinese Whale Suffer a Whopping $45 Million Loss

Reports indicate that a Chinese crypto whale is sweating over the loss of $ 45 Million worth of BTC and BHC. A whale going by the username Zhoujianfu made frantic appeals for help in recovering the stolen funds. Through a "BTC” subreddit posting Zhoujianfu informed the community of the heist promising a huge reward for assistance in getting the funds back. An extract from the post reads: This] is my address, goddamnit. [The transactions] only [have] 3 confirmations, if any…