A 20-year boy has been charged in a New York Supreme Court for SIM swapping identity and crypto theft. The name of the boy is Dawson Bakies resident of Ohio is charged for stealing identities and cryptocurrency of over 50 victims across the US. This operation was carried out by him in last December using SIM swapping attacks.
He has been charged for identity theft, grand larceny, computer tampering, and scheme to defraud along with a few other charges.
The Attorney’s office said- “The indictment represents the first prosecution for SIM swapping by authorities in New York.”
Dawson managed to fraudulently link victims cell phone number to various iPhones owned by him. He was able to bypass the two-factor authentication(2FA) in order to access the victim’s online accounts, which includes both Google and cryptocurrency platforms.
He managed to steal around $10000 in cryptos from 18 online accounts which belonged to three Manhattan-based victims. The Attorney Office also charged him for an attempt to extort one of the victims by demanding bitcoin ransom.
6 iPhones used by Dawson for carrying out the SIM swapping fraud have been recovered. It contains dozens of text messages containing the recovery passwords related to the victim’s online accounts. A laptop also was recovered which belongs to him and contains personal information of victims, which also includes personal details of the three victims from Manhattan.
The Attorney also called on the wireless carriers who by providing speedy SIM portability services to satisfy its customers are exposing unwitting, law-abiding customers to massive identity theft and fraud.
Such incidents are on a rise lately, another such incident a 20-year boy was accused of stealing over $5 million in cryptocurrency via SIM swap hack and sentenced to 10 years in prison. In another SIM swapping cell phone hack crime, US-based law firm Silver Miller filed arbitration claims against AT&T and T mobile on behalf of the victims of the crime who lost $621000 in cryptocurrency via SIM swap attack.
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