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Arrests in $400M SIM-Swap Tied to Heist at FTX?

ID: 8f910e56-bc49-5bf9-b56d-1c5ef8f67e11

STIX ID: report--8f910e56-bc49-5bf9-b56d-1c5ef8f67e11

Feed Name: Krebs on Security

Threat Score
80/100

Date Published: 2024-02-01

Date Updated: 2026-04-19

Author: BrianKrebs

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The article reports that three U.S. individuals were indicted for their roles in a November 11–12, 2022 SIM‑swapping theft that drained over $400 million in cryptocurrency—likely from the bankrupt exchange FTX—by impersonating victims at mobile retail stores and transferring phone numbers to attacker-controlled devices; blockchain analysis firms (Elliptic, Unciphered) trace the funds through mixers and exchanges with apparent Russia-linked laundering activity and note possible connections to criminal groups like Scattered Spider/0ktapus.

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