Canadian teen accused of stealing $ 50 million of cryptocurrency

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    Canadian Teen Charged for $50 Million Cryptocurrency Theft

    Canadian authorities indict eighteen-year-old Sami Bensaki on four criminal charges of SIM swap fraud, with the help of which $ 50 million was stolen in the form of digital assets.

    According to the prosecutor’s office, the young Montreal hacker was part of a gang that robbed Canadian and American cryptocurrency owners. All thefts in the territory of the two countries were committed in the spring of 2018, and most of the victims were participants in the New York conference Consensus, where the fraudsters allegedly chose targets..

    The victims were not only investors, but also leading developers, managers of crypto projects.

    The gang reportedly tricked the services of mobile operators to translate the victims’ phone numbers onto their own SIM cards. This allowed attackers to bypass most authentication and password recovery mechanisms that rely on confirmation through a code in a text message or an incoming number..

    Canadian teen accused of stealing $ 50 million of cryptocurrency

    Sami Bensaki was arrested in November 2019, but in December he was released on bail of $ 153,000, banning access to any devices with Internet access, as well as any form of ownership and exchange of cryptocurrencies..

    Around the same time, the Australian police also carried out a successful operation to detain drug couriers from whom they confiscated cryptocurrency for a record for a strange amount of $ 1 million.

    text: Ivan Malichenko, photo: journaldemontreal

    Canadian teen accused of stealing $ 50 million of cryptocurrency

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