HOW One cryptocurrency investor reportedly lost $24 million worth of bitcoin in a SIM swap attack
- Crypto investor Michael Terpin lost roughly 1,5oo bitcoins on January 7, 2018, after falling victim to a SIM swap attack, The Wall Street Journal reported.
- The bitcoin stake was worth $24 million that day, roughly three weeks after the asset hit its record high price.
- The incredibly precise hack involves thieves taking control of a phone number and using it to access email accounts, bank reserves, and even crypto wallets.
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