Crypto Community Reports Unauthorized SIM Swaps to T-Mobile

  • A SIM swap occurs when a mobile account (phone number) is transferred from one SIM card to another.
  • A SIM swap scam occurs when the number is transferred to an unauthorized and fraudulent number, allowing someone other than the account holder to take over, effectively blocking the customer from accessing their own accounts.
  • The fraudster can then siphon sensitive data from the phone, including bank account information and passwords to social media accounts.
  • Andrew Kang, the co-founder of Minerupdate.com, a crypto mining news publication, alleges that special instructions on his account were bypassed by T-Mobile employees, causing a breach.

Read full article: dailyhodl.com