Home / Bitcoin / The phone went blank, so $ 1 million was sucked into the surprise encryption of SIM-swap – Naked Security

The phone went blank, so $ 1 million was sucked into the surprise encryption of SIM-swap – Naked Security

A SIM-swap thief would have raised $ 1 million in encryption from Robert Ross, who was saving money to pay his daughters' college fees.

According to the New York Post, Ross "watched helplessly" on October 26 when his phone went blank. Within a few seconds, $ 500,000 was emptied from his Coinbase account and another $ 500,000 was taken from a Gemini account. That was his entire life saving, West said.

Erin West, the deputy district attorney for Santa Clara County in California, told reporters that 21-year-old Nicholas Truglia of Manhattan agreed to be extradited. The Santa Clara officials plan to take it in December. According to court documents, he was charged with 21 counts of crime against six victims, including identity theft, fraud, embezzlement, crimes that "involve a model of related criminal conduct" and attempted mass theft.

Truglia allegedly hacked Silicon Valley executives' phones from his apartment in a skyscraper on West 42nd Street.

Ross is apparently a Truglia success, although officials claim he has been hunting for half a dozen other Silicon Valley cryptogenin players, including Saswata Basu, CEO of the 0Chain fixed chain storage service; Myles Danielsen, vice president of Hall Capital Partners; and Gabrielle Katsnelson, co-founder of the SMBX startup.