UK police, backed by Europol, have arrested eight suspected SIM fraud suspects. The group stole $ 100 million worth of fiat currencies and crypto assets.
Eight people were arrested as part of an investigation into the theft of fiat currencies and cryptoassets, according to statements by Europol and the UK National Crime Agency (NCA). The attacks were carried out during 2020 from the UK. According to the NCA, the victims resided in the United States and were “famous influencers, sports stars, musicians and their families.”
The US, UK and Europol worked with the authorities in Belgium, Malta and Canada to catch the criminals. Eight criminal suspects aged 18-26 were arrested in England and Scotland this week.
Fraudsters downloaded identification information from SIM cards of victims’ phones to their cards. After gaining control over SIM cards, they stole money from cryptocurrency services and from bank accounts.
NCA National Cybercrime Operations Chief Paul Creffield said that “those arrested face a penalty for crimes under the UK Computer Misuse Act, fraud and money laundering, and extradition to the United States.”
Recall that last summer, the US Department of Justice accused a California student of SIM card fraud and theft of cryptocurrencies from an investor from New Orleans, as well as 27 other similar crimes. In October 2019, a cryptocurrency investor filed a lawsuit against AT&T, accusing it that the company’s employees gained access to his account and illegally seized $ 1.8 million, including in cryptocurrencies.
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