US Court Orders SIM Swapper to Surrender Stolen Crypto Worth Millions
A SIM hijacker who allegedly stole millions of dollars’ worth of cryptocurrency while still a teenager has been ordered by a US federal court to surrender the proceeds of his crimes. Ahmad Wagaafe Hared, along with two co-conspirators, stole digital assets, including Bitcoin (BTC), from cryptocurrency executives and investors living in Northern California in 2016. The trio would obtain their victims’ personal information and then impersonate them to transfer their phone numbers to a SIM card they controlled. With access to their victims’ email and other accounts, they would then steal their crypto assets. Hared has been ordered to forfeit 119.8 Bitcoin worth $3.09 million, 93,420 Stellar (XLM) worth $12,238, and a luxury car.
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A SIM hijacker who stole millions of dollars’ worth of cryptocurrency as a teenager has been ordered to hand over the proceeds of his crimes. Ahmad Wagaafe Hared and his co-conspirators targeted cryptocurrency executives and investors in Northern California in 2016 by obtaining their personal information and transferring their phone numbers to a SIM card they controlled. They then gained access to their victims’ email and other accounts to steal their crypto assets. Hared has now been ordered to forfeit 119.8 Bitcoin worth $3.09 million, 93,420 Stellar (XLM) worth $12,238, and a luxury car. This case highlights the importance of strong security measures to protect against SIM hijacking and the need for law enforcement to take action against such cybercriminals.
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