Latest SIM Swap News

Explore the latest news on SIM swap attacks that target cryptocurrency holders by exploiting vulnerabilities in the mobile carrier’s system. 

Attackers persuade the carrier to transfer the victim’s phone number to a SIM card that they control. This provides access to two-factor authentication codes, allowing illegal access to the victim’s crypto accounts.

SIM swap attacks frequently result in severe financial losses for the victims. Additional security measures can help reduce SIM swap attacks, such as using authenticator apps instead of SMS-based authentication.