• Home
  • Cyber Crime
  • Cyber warfare
  • APT
  • Data Breach
  • Deep Web
  • Digital ID
  • Hacking
  • Hacktivism
  • Intelligence
  • Internet of Things
  • Laws and regulations
  • Malware
  • Mobile
  • Reports
  • Security
  • Social Networks
  • Terrorism
  • ICS-SCADA
  • POLICIES
  • Contact me
MUST READ

Cisco fixed maximum-severity security flaw in Secure Firewall Management Center

 | 

'Blue Locker' Ransomware Targeting Oil & Gas Sector in Pakistan

 | 

Hackers exploit Microsoft flaw to breach Canada ’s House of Commons

 | 

Norway confirms dam intrusion by Pro-Russian hackers

 | 

Zoom patches critical Windows flaw allowing privilege escalation

 | 

Manpower data breach impacted 144,180 individuals

 | 

U.S. CISA adds Microsoft Internet Explorer, Microsoft Office Excel, and WinRAR flaws to its Known Exploited Vulnerabilities catalog

 | 

Critical FortiSIEM flaw under active exploitation, Fortinet warns

 | 

Charon Ransomware targets Middle East with APT attack methods

 | 

Hackers leak 2.8M sensitive records from Allianz Life in Salesforce data breach

 | 

SAP fixed 26 flaws in August 2025 Update, including 4 Critical

 | 

August 2025 Patch Tuesday fixes a Windows Kerberos Zero-Day

 | 

Dutch NCSC: Citrix NetScaler zero-day breaches critical orgs

 | 

Chrome sandbox escape nets security researcher $250,000 reward

 | 

Smart Buses flaws expose vehicles to tracking, control, and spying

 | 

MedusaLocker ransomware group is looking for pentesters

 | 

Google confirms Salesforce CRM breach, faces extortion threat

 | 

SECURITY AFFAIRS MALWARE NEWSLETTER ROUND 57

 | 

Security Affairs newsletter Round 536 by Pierluigi Paganini – INTERNATIONAL EDITION

 | 

Embargo Ransomware nets $34.2M in crypto since April 2024

 | 
  • Home
  • Cyber Crime
  • Cyber warfare
  • APT
  • Data Breach
  • Deep Web
  • Digital ID
  • Hacking
  • Hacktivism
  • Intelligence
  • Internet of Things
  • Laws and regulations
  • Malware
  • Mobile
  • Reports
  • Security
  • Social Networks
  • Terrorism
  • ICS-SCADA
  • POLICIES
  • Contact me
  • Home
  • Breaking News
  • Cyber Crime
  • Canadian teenager stole $36 Million in cryptocurrency via SIM Swapping

Canadian teenager stole $36 Million in cryptocurrency via SIM Swapping

Pierluigi Paganini November 19, 2021

A Canadian teen has been arrested for his alleged role in the theft of roughly $36.5 million worth of cryptocurrency.

A Canadian teenager has been arrested for his alleged role in the theft of roughly $36.5 million worth of cryptocurrency from an American individual.

The news of the arrest was disclosed by the Hamilton Police in Ontario, Canada, as a result of a joint investigation conducted by the FBI and the United States Secret Service Electronic Crimes Task Force that started in March 2020.

The cryptocurrency has been stolen through a SIM swapping attack that allowed the attackers to bypass 2FA used to protect the wallets containing the funds.

“The victim had been targeted by a SIM swap attack, a method of hijacking valuable accounts by manipulating cellular network employees to duplicate phone numbers so threat actors can intercept two-factor authorization requests.” reads the announcement published by the police. “As a result of the SIM swap attack, approximately $46 million CAD worth of cryptocurrency was stolen from the victim. This is currently the biggest cryptocurrency theft reported from one person.”

The police revealed that some of the stolen cryptocurrency was used to purchase an online username that was rare in the gaming community. The analysis of the transaction associated with the purchase allowed the investigators to unmask the account holder of the rare username.

The police arrested the man for theft over $5,000.00 and possession of property or proceeds of property obtained by crime.

Hamilton Police made multiple seizures for a total value of $7 million CAD.

Follow me on Twitter: @securityaffairs and Facebook

[adrotate banner=”9″][adrotate banner=”12″]

Pierluigi Paganini

(SecurityAffairs – hacking, cryptocurrency )

[adrotate banner=”5″]

[adrotate banner=”13″]


facebook linkedin twitter

cryptocurrency Hacking hacking news IT Information Security Pierluigi Paganini Security Affairs Security News SIM swapping

you might also like

Pierluigi Paganini August 15, 2025
Cisco fixed maximum-severity security flaw in Secure Firewall Management Center
Read more
Pierluigi Paganini August 15, 2025
'Blue Locker' Ransomware Targeting Oil & Gas Sector in Pakistan
Read more

leave a comment

newsletter

Subscribe to my email list and stay
up-to-date!

    recent articles

    Cisco fixed maximum-severity security flaw in Secure Firewall Management Center

    Security / August 15, 2025

    'Blue Locker' Ransomware Targeting Oil & Gas Sector in Pakistan

    Malware / August 15, 2025

    Hackers exploit Microsoft flaw to breach Canada ’s House of Commons

    Hacking / August 15, 2025

    Norway confirms dam intrusion by Pro-Russian hackers

    Hacktivism / August 14, 2025

    Zoom patches critical Windows flaw allowing privilege escalation

    Security / August 14, 2025

    To contact me write an email to:

    Pierluigi Paganini :
    pierluigi.paganini@securityaffairs.co

    LEARN MORE

    QUICK LINKS

    • Home
    • Cyber Crime
    • Cyber warfare
    • APT
    • Data Breach
    • Deep Web
    • Digital ID
    • Hacking
    • Hacktivism
    • Intelligence
    • Internet of Things
    • Laws and regulations
    • Malware
    • Mobile
    • Reports
    • Security
    • Social Networks
    • Terrorism
    • ICS-SCADA
    • POLICIES
    • Contact me

    Copyright@securityaffairs 2024

    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
    Cookie SettingsAccept All
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities...
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
    Non-necessary
    Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
    SAVE & ACCEPT