FBI arrested suspects attempting to steal $550,000 worth of cryptocurrencies

FBI arrested suspects attempting to steal $550,000 worth of cryptocurrencies

November 15, 2019 by cryptorolling.com
The U.S. Federal Bureau of Investigation (FBI) has arrested two Massachusetts residents on charges of attempting to steal cryptocurrencies and hack into social media accounts through SIM fraud.

According to a press release, the U.S. Department of Justice accused Eric Meiggs and Declan Harrington of conspiracy, electronic fraud, computer fraud, and identity theft of the head of a cryptocurrency company and others “who may have held significant amounts of cryptocurrency”.

The criminals allegedly tried to steal more than $550,000 in cryptocurrencies from 10 different people and apparently gained access to two social media accounts. The names of the victims were not mentioned, but the indictment briefly describes their relationship to the cryptocurrency industry. One user owned a cryptomater and the other ran a “blockchain business”.

This is not the first time that SIM fraud has been used to steal cryptocurrencies. Recently, a cryptocurrency investor, Michael Terpin, appealed to the US Federal Communications Commission to stop the SIM fraud. Earlier he won the case against Nicholas Truglia, who allegedly stole crypto assets from him.

Another investor, Seth Shapiro, filed a lawsuit against the telecommunications company AT&T. According to him, the firm’s employees gained access to his account, which led to the theft of more than $1.8 million, including in cryptocurrencies. In February, a California-based student was sentenced to 10 years in prison for stealing cryptocurrencies using forged SIM cards.

Subscribe to CryptoRolling Telegram channel.

Add a comment