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.
Visit the Business Insider homepage for more stories.
Michael Terpin was hit by the attack on January 7, 2018, days after bitcoin reached its record high price. Thieves stole roughly 1,500 bitcoins by taking control of his phone number and using Google’s “Forgot password?” feature to gain access to his email. With possession of the two personal accounts, the thieves hacked Terpin’s crypto wallet, stole the digital assets and quickly sold them, according to WSJ.See the rest of the story at Business Insider
Google Photos is easily Google’s best service — here’s why both iPhone and Android users should take advantage of itFrom PewDiePie to Shane Dawson, these are the 26 most popular YouTube stars in the world51 unique holiday gifts your mom actually wants to get this year — for every budget
Read more: feedproxy.google.com