The College Student Who Stole $7.5 Million Using SIM Cards<br />. <br />In 2018, Joel Ortiz, a 21-year-old student from Boston, orchestrated a series of SIM swapping attacks that resulted in the theft of over $7.5 million in cryptocurrency from at least 40 victims in the united states. SIM swapping involves manipulating mobile carriers to transfer a target's phone number to a SIM card controlled by the attacker. This allows the attacker to intercept calls and messages, including two-factor authentication codes, granting access to the victim's online accounts.<br />Ortiz and his associates targeted individuals in the cryptocurrency industry, exploiting the high value and relative anonymity of digital assets. Notably, during the Consensus conference in May 2018, he stole $5.2 million from a single entrepreneur within minutes.<br />Following his arrest at Los Angeles International Airport in July 2018, Ortiz pleaded no contest to multiple felony charges, including identity theft and grand theft. <br />This case underscores the vulnerabilities in mobile carrier security and the importance of safeguarding personal information to prevent such attacks.<br /><br />Follow for More True Crime, Money Heist, Bank Robbery, Stories.<br /><br />#TrueCrime #CyberCrime #CryptoHeist #moneyheist #bankrobbery #millionaire<br /><br />
