The True Story Of The $46-Million Heist That Shocked The Crypto World

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One simple trick cost Josh Jones $46 million worth of cryptocurrency. The Bitcoin billionaire lost the crypto after a 17-year-old Fortnite-obessesed teen fraudulently gained access to his accounts through SIM swapping. SIM swapping involves calling the target’s telco while posing as the target, claiming that they’ve lost their phone. The telco then swaps the target’s phone number onto the hackers’ blank SIM. The hackers go through the target’s accounts, using the stolen phone number to receive codes they can use to authorise password changes. Read full article here

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