Crypto scammer who threatened victims’ families pleads guilty, faces 2-year minimum
A plan to steal cryptocurrency and hard-to-find social media accounts has ended with one schemer set to spend at least two years in prison. Eric Meiggs, a 23-year-old Massachusetts man, pleaded guilty on Wednesday to participating in a plan to steal social media account names and hundreds of thousands of dollars worth of bitcoin, the U.S. Department of Justice announced. Meiggs and a team of associates used SIM swapping, a practice in which scammers take control of victims’ phone numbers, to try to steal more than $530,000 in cryptocurrency from 10 people, DOJ said. SIM swapping is the process by which attackers convince a victim’s phone carrier to transfer control of a phone number to an attacker, or group of scammers. From there, the intruders abuse access to that phone number to gather passwords, financial transactions or other sensitive data associated with that number. In recent years, thieves have prioritized […]
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