A teenager from the southern Canadian town of Hamilton was charged this week with stealing C $ 46 million (approximately $ 36 million) in cryptocurrency, which was stolen from a digital wallet in a card-swap fraud. SIM.
According to a Press release from the Hamilton State Police Department, the theft of cryptocurrencies, which they did not identify, was from a victim located in the United States (US). According to the police, it is the largest crypto theft reported by one person in Canada.
The investigation, carried out by the Canadian police together with the FBI and the US Secret Service Task Force on Electronic Crimes since March 2020, revealed this year that part of the stolen cryptocurrencies were used to buy a username for a virtual video game, considered something “strange and rare” among the gaming community.
The direction of said purchase, indicated the Department, located a locality in the Canadian state of Hamilton, where a teenager appeared as the main suspect.
The juvenile delinquent cannot be identified, in accordance with the Canadian Juvenile Justice Act. In fact, one of the detectives who was following the case, Constable Kirkpatrick, did not give details to the local press. According to the Department note, the Hamilton Police did various seizures of the stolen cryptocurrencies.
According to the agent, cryptocurrencies are something new for society in general, so he urged to “educate” people on what should and what should not be done with them. He even called for multiple passwords and multi-factor authentications to avoid being stolen.
“Make sure that if a place is hacked and your password comes out, not all of your accounts are compromised as a result. The educational piece on cybercrime in its initial state is very important, “he said.
Cell phone SIM card fraud is a method used by many criminals to hijack accounts and manipulate network employees to double the numbers, so that scammers can intercept requests two-step authorization.
More simplified, cybercriminals call your victim’s mobile service provider and they say that the device was stolen, so they ask that the number be linked to a SIM card that they already handle, and from there, the rest.
A local medium, The Globe and Mail, ensures that these cyber frauds are common. In fact, and according to data from the Canadian telecommunications regulator, between August 2019 to May 2020, there were no less than 3,038 SIM card exchanges, one of the biggest dangers bitcoiners face.
Scams on the rise
Perhaps as a sign of the growth that the cryptocurrency market has had, scams are already part of the day to day. So much so that the FBI has issued warnings recently in the face of the rise in bitcoin-related fraud.
We reported it in CriptoNoticias at the beginning of the month, when the US federal intelligence agency published a statement warning about the modus operandi used by scammers.
According to the FBI, criminals establish communication with their victims to induce them to withdraw money from their accounts, buy bitcoin through ATM and make a payment using a QR code. To achieve this, they use various tactics to deceive people by posing as government institutions, public service companies or others, with the idea of manipulating them.
Another example is in Argentina, a country where scams under the “pyramid” or Ponzi scheme have grown considerably. According to what was reported by local media, the increase in fraud cases is mainly observed in the provinces of Mendoza, Córdoba, Tucumán, Catamarca and La Rioja, according to this newspaper.
Scams will always exist, but it is the responsibility of each person to take care of their finances, especially in these current moments where the ecosystem is gaining more and more popularity and It is becoming part of the daily life of many people.