High-tech identity theft case: $5 million Bitcoin stolen, judiciary is chasing

The U.S. Department of Justice is recovering $5 million of Bitcoin stolen through SIM card exchange attacks targeting high-net-worth individuals. According to a recent indictment, the attacker tricked mobile operators into transferring victims’ phone numbers, bypassed two-factor authentication, and stole funds from cryptocurrency wallets. These funds are cleaned through complex transactions, some of which are transferred to offshore exchanges. The case highlights the vulnerability of mobile identity verification and emphasizes the need to strengthen the security protocol for digital asset management.