Two men arrested in $14 million SIM swapping cryptocurrency theft

Two Missouri men were arrested Monday on suspicion of committing a SIM swap attack which allowed them to steal $14 million in cryptocurrency from a California firm.

In a SIM swap attack, threat actors transfer the victim’s phone account to their own device in order to gain access to sensitive information accessible by the account.

Fletcher Robert Childers, 23, and Joseph Harris, 21, were arrested in Oklahoma City on suspicion of gaining unauthorized access to a cryptowallet owned by San Jose-based firm Crowd Machine to steal $14 million worth of the firm’s Crowd Machine Compute Tokens (CMCTs), according to Oklahoma News 4 .

Please register to continue.

Already registered? Log in.

Once you register, you’ll receive:

  • News analysis

    The context and insight you need to stay abreast of the most important developments in cybersecurity. CISO and practitioner perspectives; strategy and tactics; solutions and innovation; policy and regulation.

  • Archives

    Unlimited access to nearly 20 years of SC Media industry analysis and news-you-can-use.

  • Daily Newswire

    SC Media’s essential morning briefing for cybersecurity professionals.

  • Learning Express

    One-click access to our extensive program of virtual events, with convenient calendar reminders and ability to earn CISSP credits.

Next post in Cryptocurrency

Next Post

Leave a Reply

Your email address will not be published. Required fields are marked *

Login to your account below

Fill the forms bellow to register

Retrieve your password

Please enter your username or email address to reset your password.