54 Crypto SIM Swap Scams Target Notable Victims, Resulting in Over $13 Million in Losses

2023/08/24 18:10

54 SIM Swap scams have resulted in over $13 million in losses for notable individuals and organizations in the crypto space, including OpenAI's CTO, the CEO of Bored Ape, and the Aptos Foundation. Hackers use this method to gain access to all accounts linked to a victim's phone number. Experts recommend using an authenticator app or hardware wallet to secure funds instead of relying on phone number authentication, and mobile carriers must enhance their security measures.

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