A cellphone hacker is going through expenses for his alleged involvement in a scheme that stole crypto property price slightly below $785,000 from a crypto firm.
The U.S. Justice Division says that Joseph James O’Connor and his co-conspirators used a SIM-swapping scheme to focus on at the least three executives at an unnamed Manhattan-based cryptocurrency firm.
These cyberattacks enable perpetrators to realize management of the sufferer’s cellphone quantity by linking it to a different SIM card. The calls and messages then get routed to gadgets the hackers maintain, permitting them to entry accounts linked to the compromised cellphone quantity.
After taking management of an government’s quantity, O’Connor and his co-conspirators allegedly gained unauthorized entry to a number of accounts and pc methods on the crypto firm. They have been then in a position to steal and switch 770.784869 Bitcoin Money (BCH), 6,363.490509 Litecoin (LTC), 407.396074 Ethereum (ETH) and seven.456728 Bitcoin (BTC). The stolen crypto property have been price a complete of about $784,000 on the time of the theft.
“Between roughly March 2019 and Could 2019, Joseph James O’Connor, aka ‘PlugwalkJoe,’ the defendant, and his co-conspirators perpetrated a scheme to make use of SIM swaps to conduct cyber intrusions as a way to steal roughly $784,000 price of cryptocurrency from a Manhattan-based cryptocurrency firm (‘Firm-1’), which, in any respect related occasions, offered pockets infrastructure and associated software program to cryptocurrency exchanges world wide.”
The cybercriminals then laundered the stolen cash by dozens of transfers and transactions. Additionally they exchanged tokens for BTC earlier than depositing a few of the funds into an account managed by O’Connor.
The 22-year-old is charged with conspiracy to commit pc hacking, conspiracy to commit wire fraud, aggravated identification theft and conspiracy to commit cash laundering.
O’Connor can also be concerned within the large 2020 Twitter hack that compromised the accounts of common personalities, together with US President Joe Biden, Elon Musk and Invoice Gates. He was arrested in Estepona, Spain, earlier this yr.
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