Uncategorized

Two Massachusetts Men Arrested for Conducting SIM-swapping Attack To Steal Cryptocurrency & Social Media Login

Two Massachusetts men arrested today for Conducting Nationwide SIM-swapping attack to gain login credentials of victims by resetting their login credentials.

Once they got login credentials they gain control over the account and in some cases, they even steal the cryptocurrencies.

SIM swapping or SIM Hijacking is a targeted attack conducted by criminals to register an already existing number on a new SIM card, so they can intercept the OTPs and can reset the login credentials.

Two defendants Eric Meiggs, 21, of Brockton, Massachusetts, and Declan Harrington, 20, of Rockport, Massachusetts were charged 11 counts indictment. Eight counts for wire fraud, one count for abuse fraud, one count for computer fraud and one count for identity theft.

Meiggs and Harrington particularly targeted the executives of cryptocurrency companies and the social media accounts of those who have high value or the name contain OG(“Original Gangster”).

According to the indictment, cybercriminals convince a victim’s SIM card provider to reassign the victim’s cell phone number to a different SIM card that controlled by cybercriminals.

The two cybercriminals found to be targeted more than 10 victims and they attempted to steal more than $550,000 in the form of cryptocurrencies. Eric Meiggs gained control over several social media profiles with OG.

“The details contained in the charging documents are allegations. The defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law,” reads the statement.

This is not the first time sim-swapping hackers are arrested, earlier a 21-year-old man, Nicholas Truglia, charged for hacking into the phones of Silicon Valley executive phones to steal their cryptocurrency and a SIM Swapping Hacker Group who steals $80,000 worth of cryptocurrency got arrested by Turkish police.

You can follow us on LinkedinTwitterFacebook for daily Cybersecurity and hacking news updates.

Guru baran

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.

Recent Posts

GoPlus’s Latest Report Highlights How Blockchain Communities Are Leveraging Critical API Security Data To Mitigate Web3 Threats

GoPlus Labs, the leading Web3 security infrastructure provider, has unveiled a groundbreaking report highlighting the growing, widespread use and potential…

2 hours ago

C2A Security’s EVSec Risk Management and Automation Platform Gains Automotive Industry Favor as Companies Pursue Regulatory Compliance

In 2023, C2A Security added multiple OEMs and Tier 1s to its portfolio of customers, successful evaluations, and partnerships such…

3 hours ago

Wireshark 4.2.4 Released: What’s New!

Wireshark stands as the undisputed leader, offering unparalleled tools for troubleshooting, analysis, development, and education. The latest update, Wireshark 4.2.4,…

6 hours ago

Zoom Unveils AI-Powered All-In-One AI Work Workplace

Zoom has taken a monumental leap forward by introducing Zoom Workplace, an all-encompassing AI-powered platform designed to redefine how we…

6 hours ago

iPhone Users Beware! Darcula Phishing Service Attacking Via iMessage

Phishing allows hackers to exploit human vulnerabilities and trick users into revealing sensitive information and grant unauthorized access. It's an…

7 hours ago

2 Chrome Zero-Days Exploited at Pwn2Own 2024: Patch Now

Google has announced a crucial update to its Chrome browser, addressing several vulnerabilities, including two zero-day exploits showcased at the…

10 hours ago