Through the scheme, the pair transferred at least $250,000 worth of cryptocurrency out of the victims' accounts.
man and woman have pled guilty to committing fraud through a SIM card swapping scheme which netted them at least $250,000 in cryptocurrency transfers.
ILLUSTRATION - A man installs a SIM card in a mobile telephone in Berlin, Germany, 14 July 2017. Photo: Paul Zinken/dpa SIM swapping is a method of fraud where a victim's cell phone carrier is compromised to re-assign a phone number from one SIM card to another, says the US Attorney's office. This allows phone and text communications to be intercepted and used to compromise the phone owner’s other accounts.
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