Feds Nab Two Suspects in Alleged $550K Crypto-Fueled Scam

Two Massachusetts men were arrested on Thursday and charged with carrying out a nationwide scheme to steal people’s social media accounts and their cryptocurrency. According to the U.S. Department of Justice (DOJ), Eric Meiggs, 21, and Declan Harrington, 20, targeted at least 10 victims in the country.

Meiggs and Harrington “allegedly stole, or attempted to steal, over $550,000 in cryptocurrency from these victims alone” using techniques such as SIM swapping, computer hacking, and other methods. SIM swapping is a method used by fraudsters to hack into various accounts and steal sensitive data, such as financial details related to cryptocurrency.

Reference: https://www.ccn.com/feds-nab-two-suspects-in-alleged-550k-crypto-fueled-scam/

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