Canadian Police Arrest Teen For Stealing $36.5 Million In Cryptocurrency

In what's being referred to as the largest-ever cryptocurrency theft involving one person, police in Canada say they recently arrested a teen who allegedly stole $36.5 million worth of cryptocurrency from a single individual in the U.S. Engadget reports: The owner of the currency was the victim of a SIM swap attack. Their cellphone number was hijacked and used to intercept two-factor authentication requests, thereby allowing access to their protected accounts. Some of the stolen money was used to purchase a "rare" online gaming username, which eventually allowed the Hamilton Police Service, as well as FBI and US Secret Service Electronic Crimes Task Force, to identify the account holder. Police seized approximately $7 million CAD ($5.5 million) in stolen cryptocurrency when they arrested the teen.

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