Teenage hacker used SIM-swapping to steal millions in cryptocurrency

Canadian police have arrested a teenager for reportedly stealing $46 million CAD (about $36.5 million) worth of cryptocurrencies, in what is being described as a SIM swap attack.

To facilitate the theft, described as the largest-ever cryptocurrency pilferage from a single individual, the teen managed to hijack the victim’s phone number, which he then used to log into the victim’s crypto wallet by intercepting the two-factor authentication requests.

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