US crypto user Suffering Massive SIM swapping attacks

SIM swapping or jacking is a type of ATO (account take over) attack in which the hacker steals the victim’s phone number to their own SIM card (usually social engineering), In last few weeks USA cryptocurrency community have been hit with this kind of attack. An anonymous victim shared, “That once hackers realized access to cryptocurrency exchange accounts was not possible, intruders quickly switched tactics and targeted social media and email accounts, successfully hijacking the victim’s Instagram account.”

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