A former manager at a telecommunications company in New Jersey pleaded guilty to conspiracy charges for accepting money to perform unauthorized SIM swaps that enabled an accomplice to hack customer accounts.
For carrying the unauthorized number porting, Katz received $1,000 in Bitcoin per SIM swap (total of $5,000), plus an (unspecified) percentage of the profits earned from the illicit access to the victims’ devices.
The amount he made is $5,000 minumum.
I think 1 year for every instance is fair. This could really ruin someone. At least stolen credit cards have protection. Stealing someone’s crypto wallet could mean that money is gone for good.
The amount he made is $5,000 minumum.
I think 1 year for every instance is fair. This could really ruin someone. At least stolen credit cards have protection. Stealing someone’s crypto wallet could mean that money is gone for good.