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Alleged SIM-Swap Crypto Thief Indicted for Hacking Over 50 US Victims



A 20-year-old guy has been officially charged in a New York Supreme Court indictment over SIM-swapping identification and crypto robbery.

The Manhattan District Attorney’s Office announced Friday that Dawson Bakies, a resident of Ohio, is charged with stealing identities and the cryptocurrency holdings of over 50 sufferers around the U.S. from October to December closing yr by the use of SIM-swapping assaults. The indictment lists 52 counts of “identity theft, grand larceny, computer tampering, and scheme to defraud” amongst different fees, in keeping with the announcement.

“The indictment represents the first prosecution for SIM swapping by authorities in New York,” the Attorney’s Office stated.

It is claimed that Bakies fraudulently related sufferers’ cellular phone numbers to more than one iPhones owned by means of him, the use of them to avoid two-factor authentication (2FA) safety features to get right of entry to sufferers’ on-line accounts, together with Google and cryptocurrency platforms. Among the ones, he controlled to get right of entry to 18 on-line accounts belonging to a few Manhattan-based sufferers and stole about $10,000 in cryptos. He additionally tried to extort probably the most sufferers by means of tough a bitcoin ransom, in keeping with the Attorney’s Office.

Manhattan government recovered an iPhone 6 utilized in Bakies’ SIM-swapping fraud, which had “dozens” of textual content messages containing restoration passwords associated with the sufferers’ on-line accounts. They additionally recovered a computer that contained sufferers’ private data, together with the thee focused in Manhattan.

Sending a caution to SIM swappers, Manhattan District Attorney Cyrus R. Vance, Jr., stated:

“We know what you’re doing, we know how to find you, and we will hold you criminally accountable, no matter where you are.”

He often known as on wi-fi carriers to “wake up to the new reality that by quickly porting SIMs – in order to ease new activations and provide speedy customer service – you are exposing unwitting, law-abiding customers to massive identity theft and fraud.”

SIM-swap crypto hacks are on the upward thrust. On Friday, a 20-year-old accused of stealing over $5 million in cryptocurrency by the use of SIM-swap hack reportedly pleaded accountable and was once sentenced to 10 years in jail.

Back in November, U.S.-based regulation company Silver Miller filed arbitration claims towards AT&T and T-Mobile on behalf of sufferers of SIM-swapping cellular phone hacks. It stated on the time that considered one of its shoppers had misplaced over $621,000 in cryptocurrency by the use of SIM-swap assault.

SIM card symbol by the use of Shutterstock 

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