simswap

He pocketed £44,000, got 2½ years in prison—a seriously bad deal.

A British guy took part in a SIM-swap scam that stole crypto worth nearly £200,000 (about $265,000). He blew through his £44,000 cut, and the City of London Police made sure it ended with a prison sentence.

Enjoy the drama, but here’s that old reminder: using SMS verification codes for 2FA is like running around naked. One “SIM replacement” call to your carrier, and your number belongs to someone else. This decade-old trick still catches people every year 🤡 Switch to an authenticator app or a hardware security key—now.

$BTC #SIMSwap #AccountSecurity

🚨 UK POLICE SENTENCE SIM-SWAPPER AS SECURITY THREATS SURGE 402% FOR $BTC ACCOUNTS! 💥

🔒 A UK SIM-swap fraudster just received a prison sentence after stealing $265,000 in crypto by hijacking SMS verification codes. 402% year-on-year surge in SIM-swap attacks proves that bad actors are aggressively hunting weak authentication protocols to drain trader funds. 📊

🛡️ Relying on SMS 2FA is essentially leaving your account front door wide open for predators to sweep your liquidity. 💡 Upgrading to hardware keys or authenticator apps is the single most urgent move to protect your $BTC capital right now. 💬 Have you completely disconnected SMS 2FA from your exchange accounts yet? 👇

⚠️ Not financial advice. Always manage your risk. 🛡️

🏷️ #BTC #CryptoSecurity #SIMSwap #Security #Trading

🛡️ ⚡

🇨🇦 A Canadian woman is suing a telecommunications company:

She lost 12 Bitcoins in a Sim Swap operation.
📱 SIM card hacking has become a major threat.
#simswap #Cryptoscam #Canada