Xzavyer Narvaez, 19, becomes the first US resident to hack cryptocurrency exchange accounts with the help of SIM swapping. He misled telecoms providers into transferring phone numbers to another SIM card in order to bypass 2FA and get direct access to accounts with Bitcoin holdings.
California police report that the hacker has managed to steal more than $1 mln in BTC. Once becoming a millionaire, Narvaez started enjoying the life of luxury by purchasing brand-new supercars, including the 2018 McLaren 720S.
The infamous SIM swapper is already arrested by the law enforcement officials as a result of their cooperation with AT&T.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Gamza Khanzadaev
Tomiwabold Olajide
Dan Burgin
Vladislav Sopov