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21-Year-Old Hacker Steals $1 Million In Cryptocurrency Using Just A Phone Number

This-21-Year-Old-Hacker-Steals-1-Million-In-Cryptocurrency-Using-Just-A-Phone-Number

We all know very well that how cyber crimes have increased in recent times. Recently, a 21-year-old hacker was arrested in the US for allegedly stealing about the US $1 million in cryptocurrencies, simply by hacking the SIM card on the smartphones of some Silicon Valley executives.

21-Year-Old Hacker Steals $1 Million In Cryptocurrency Using Just A Phone Number

Recently, a 21-year-old hacker was arrested in the US for allegedly stealing about the US $1 million in cryptocurrencies, simply by hacking the SIM card on the smartphones of some Silicon Valley executives.

The suspect, named Nicholas Truglia, succeeded in persuading the employees of the telecommunication companies simply to transfer the data of the mobile phones of the victims to the SIM cards of the devices under their control.

According to a post of “The New York Post“, the suspect had been the protagonist of the local headlines last September, when he reported to the police that he had been the victim of a SIM hacking by four friends. At that time, the certainty of the claim was not proven.

However, the authorities told the local press and media that Robert Ross, a Silicon Valley executive, had been stripped of US $1 million in cryptocurrencies, which was stolen in two parts, and each part consists of $500,000, and the whole amount was stolen in cryptocurrencies from his Coinbase and Gemini accounts.

Apparently,  Robert Ross was the only victim of Nicholas Truglia, but according to the further reports, another 4 well-known senior executives would have also experienced the similar attacks.

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While, so far, only $300,000 of the theft amount has been recovered and currently, the hacker,  Nicholas Truglia has been detained in Manhattan and simply expecting his extradition to the city of California, where he will be investigated for theft, alteration of computer data to defraud and use private information without any authorization.

As the financial scams through SIM hacking procedure have become a trend in the US in recent months. A few months ago, a similar incident like this in which hackers managed to steal the US $23 million in cryptocurrencies occured. So, what do you think about this? Simply share all your views and thoughts in the comment section below.

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