A hacking ring stole millions by hijacking SIM cards, feds say
IQMining platform combines Bitcoin cloud mining with daily payments and Forex margin trading, options and cryptocurrencies, giving the opportunity to multiply potential income.
Nine people have been charged in an alleged conspiracy to hijack SIM cards and steal cryptocurrency from unwitting victims, prosecutors said this week. The scheme, according to court documents, netted more than $2.4 million.
In an unsealed indictment, prosecutors in the US Attorney’s Office for the Eastern District of Michigan allege that six of the people, living across the United States and Ireland, were members of a group called “The Community.” The hacking ring, prosecutors say, took part in a scam called SIM hijacking, in which, using either bribery or trickery, hackers convince mobile phone carriers to transfer a phone number to a new SIM card.
With access to the phone number, scammers can bypass…