Friday, November 1, 2024
Homecryptocurrency21-year-old man Stole $1 Million Within Seconds Through SIM-swapping Hacks

21-year-old man Stole $1 Million Within Seconds Through SIM-swapping Hacks

Published on

Malware protection

A 21-year-old man, Nicholas Truglia, charged for hacking into the phones of Silicon Valley executive phones to steal their cryptocurrency.

Truglia stole $1 million from San Francisco father of two Robert Ross in the SIM-swapping scheme, according to officials and court records.

SIM-swapping or SIM Hijacking is the technique used by criminals to register an already existing number on a new SIM card, by having control over the phone number attackers can bypass 2FA authentication and reset the passwords to gain access to the victim’s accounts.

In this attack, Truglia ported Ross phone number into his phone and managed to steal $500,000 from Coinbase account and another from $500,000 in a Gemini account within seconds.

- Advertisement - SIEM as a Service

“It’s a new way of doing an old crime,” said deputy DA Erin West of Santa Clara Superior Court, reads New York Post.

“You’re sitting in your home, your phone is in front of you, and you suddenly become aware there is no service because the bad guy has taken control of your phone number,” West said.

With his arrest on November 14, authorities able to retrieve $300,000 in stolen funds, remaining funds remain untraced.

Trugila being held at pending for extradition to Santa Clara, where he faces 21 felony counts related to a total of six victims, officials said.

The SIM Swapping attacks are in the rise, starting this November a SIM-Swapping Hacker Group Who Managed to Steal $80,000 Worth of Cryptocurrency Got Arrested by Turkish police.

You can follow us on LinkedinTwitterFacebook for daily Cybersecurity updates also you can take the Best Cybersecurity courses online to keep your self-updated.

Gurubaran
Gurubaran
Gurubaran is a co-founder of Cyber Security News and GBHackers On Security. He has 10+ years of experience as a Security Consultant, Editor, and Analyst in cybersecurity, technology, and communications.

Latest articles

LightSpy iOS Malware Enhanced with 28 New Destructive Plugins

The LightSpy threat actor exploited publicly available vulnerabilities and jailbreak kits to compromise iOS...

ATPC Cyber Forum to Focus on Next Generation Cybersecurity and Artificial Intelligence Issues

White House National Cyber Director, CEOs, Key Financial Services Companies, Congressional and Executive Branch...

New PySilon RAT Abusing Discord Platform to Maintain Persistence

Cybersecurity experts have identified a new Remote Access Trojan (RAT) named PySilon. This Trojan...

Konni APT Hackers Attacking Organizations with New Spear-Phishing Tactics

The notorious Konni Advanced Persistent Threat (APT) group has intensified its cyber assault on...

Free Webinar

Protect Websites & APIs from Malware Attack

Malware targeting customer-facing websites and API applications poses significant risks, including compliance violations, defacements, and even blacklisting.

Join us for an insightful webinar featuring Vivek Gopalan, VP of Products at Indusface, as he shares effective strategies for safeguarding websites and APIs against malware.

Discussion points

Scan DOM, internal links, and JavaScript libraries for hidden malware.
Detect website defacements in real time.
Protect your brand by monitoring for potential blacklisting.
Prevent malware from infiltrating your server and cloud infrastructure.

More like this

LightSpy iOS Malware Enhanced with 28 New Destructive Plugins

The LightSpy threat actor exploited publicly available vulnerabilities and jailbreak kits to compromise iOS...

New PySilon RAT Abusing Discord Platform to Maintain Persistence

Cybersecurity experts have identified a new Remote Access Trojan (RAT) named PySilon. This Trojan...

Konni APT Hackers Attacking Organizations with New Spear-Phishing Tactics

The notorious Konni Advanced Persistent Threat (APT) group has intensified its cyber assault on...