Crypto thief arrested in Canada after $36 million heist

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A crypto thief made a costly mistake.

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cryptocurrencies like Bitcoin May increase, but so are crypto crimes. Canadian law enforcement caught a thief who stole millions in cryptocurrency after using some digital money to buy a rare username in a video game.


Hamilton Police in Ontario, Canada, said the perpetrator, called Hamilton Youth, $46 million stolen from CanadiansPolice collected $36 million, or $36 million, in cryptocurrency from a victim through a SIM-swap attack last year, according to a statement Wednesday. a sim-swap Occurs when someone who knows the password or PIN for a cell phone account contacts the provider and changes them SIM card From the victim’s phone to the scammers have access to one. It gives the offender full access to the victim’s phone and can bypass anyone two-factor authentication,

Hamilton police, working with the FBI, were able to track down the perpetrator when Hamilton’s youth bought a username for a video game that was considered rare. No details were given about what type of cryptocurrency was stolen, the name of the perpetrator, or what game led to the arrest.

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crypto scams As long as cryptocurrency continues to grow in popularity, it will continue to grow. it also includes Tesla CEO Elon Musk’s impersonator cheating people on social media or Pump and Dump Operations A crypto coin is designed to increase its value, only to dent its value then only allowing the organizers to prosper.

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