Scams demanding Cryptocurrency are highly increasing as the market also grows. The criminals are getting more sophisticated in defraud People.
In the US the Authorities arrested a Man who allegedly stole $1 Million in crypto using SIM swap attacks.
The criminal was accused of SIM swapping Identity and Crypto theft. The resident of New York accessed almost 75 people accounts and stole over $1 Million in Cryptocurrency.
The Authorities are facing this new kind of crime and almost received 3 major cases of SIM swapping where the involved are in Jail.
Criminals must be stopped in their intents of defraud and steal crypto from people all around the world the authorities are doing an amazing job tracking down them.
Cyber crime can be reduced if the Exchanges and crypto Firms could collaborate with authorities to track down suspicious addresses that can be spotted in illegally activities,not allowing them to Exchange the stolen Funds.
Republished Article Original Found At Uptrennd Platform From My Authorship Here.
