Crypto Thief Indicted in New York’s First SIM Swapping Prosecution

Manhattan’s District Attorney (DA) announced the indictment of an individual for stealing identities and funds, including crypto, via a process known as SIM swapping. The announcement was made in an official press release from the Manhattan District Attorney’s Office on Feb. 1. The defendant, Dawson Bakies, has been accused of…

Research Reveals $1.7 Billion Obtained via Crypto Thefts and Scams in 2018

About $1.7 billion in cryptocurrency had been obtained via illicit means in 2018, according to research published by crypto analytics company CipherTrace on Jan. 29. Of that $1.7 billion, over $950 million was stolen from crypto exchanges, representing a 3.6 times increase over 2017. On the other hand, at least…