US Indicts Brit Over SIM Swap Crypto Theft

US Indicts Brit Over SIM Swap Crypto Theft

A 22-year-old man from Britain has been indicted by the United States in connection with the 2019 theft of crypto-currency worth approximately $784,000.

It is alleged that Joseph James O’Connor, also known as “PlugwalkJoe,” conspired with others to carry out SIM swap attacks against at least three individuals, all of whom were executives employed by the same crypto-currency company based in Manhattan, New York.

“During a cyber intrusion known as a SIM swap attack, cyber threat actors gain control of a victim’s mobile phone number by linking that number to a subscriber identity module (SIM) card controlled by the threat actors, resulting in the victim’s calls and messages being routed to a malicious unauthorized device controlled by the threat actors,” explained the US Attorney's Office for the Southern District of New York. 

“The threat actors then typically use control of the victim’s mobile phone number to obtain unauthorized access to accounts held by the victim that are registered to the mobile phone number.”

An indictment unsealed on November 3 alleges that O’Connor and his co-conspirators, after successfully carrying out a SIM swap attack against one of the executives in April 2019, were able to

Read More: