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The SIM-swap Saga: Unveiling the FTX Exchange Hack
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Three individuals have been charged by the US government for their involvement in a $400 million FTX exchange hack. The trio is accused of identity theft and wire fraud through a SIM swap operation targeting 50 victims over two years. FTX continues its efforts to repay creditors despite facing various challenges and bankruptcy. Our analysis of the situation In an audacious tale of cybercrime, the recent indictment of Emily Hernandez, Carter Rohn, and Robert Powell has brought the infamous FTX exchange hack into the limelight once more. The trio stands accused of a conspiracy to commit identity theft and wire fraud, unveiling the intricate web of deceit that led to the loss of a staggering $400 million. The elaborate scheme involved a series of SIM-swap attacks, spanning over two years, which targeted 50 victims and culminated in the draining of FTX's coffers shortly after the exchange filed for bankruptcy in 2022. The modus operandi? The hackers duped cell phone service provide...
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