Two Arraigned in the US for Cryptocurrency Fraud Involving Social Media Hacking

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.

The United States Department of Justice, on the 14th of November, has apprehended and arraigned two people (Eric Meiggs and Declan Harrington) for breaking into unsuspecting victims’ social media accounts and making away with cryptocurrency. The culprits were prosecuted with one count of conspiracy, eight counts of wire fraud, one count of computer fraud and abuse and one count of aggravated identity theft.

Elaborate Crypto Hack Method
The culprits, both residents of Massachusetts, prey on execs of cryptocurrency establishments who they believed had substantial sizes of cryptocurrency and possess valuable social media accounts.

The culprits were said to use SIM swapping (an illicit practice) to hijack the victim’s social media account, which grants the culprits entry to the private data of the victims from which they can make away with cryptocurrencies.

SIM swapping is a means of conning telecommunication service providers into sending the victim’s mobile digit to a SIM card possessed by the assailant. SIM cards can be purchased on eBay and placed into a burner cell. After the mobile digit has been received, the assailant can choose to change passwords for services like crypto wallets and email accounts.

Law enforcement agencies have acknowledged that this hack is quite extraordinary considering how easy it is to carry out.

Based on the charges, the assailants focused on about 10 unfortunate victims across the US and reportedly stole about half a million dollars in crypto from the said victims.

Another Case of Crypto Scam
In November, the United States Immigration and Customs Enforcement’s Homeland Security Investigations and prosecutors for the Southern District of New York arraigned a man for carrying out a crypto Ponzi known as ‘Igobit’. The culprit was said to redirect funds originally allotted for investment, into funding his expenses like travel, luxurious dining, shopping and a lot more.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *