Skip to main content
727 Finance
English

British man who helped steal nearly $265,000 in crypto assets sentenced to two and a half years for SIM-swap scam

PANews October 9 news, according to Decrypt, the City of London Police reported that 25-year-old Ajay Shinjin, for participating in a SIM-swap scam that helped steal nearly £200,000 (about $265,000) in crypto assets, was sentenced on October 8 to two and a half years in prison. He personally received more than £44,000 in illicit funds, which he used for a trip to Dubai, a high-end apartment, and gold-plated dental grills. The gang transferred victims' phone numbers to SIM cards they controlled, intercepted SMS verification codes to access crypto accounts. Shinjin had previously pleaded guilty to conspiracy to defraud and transferring criminal proceeds.

Related news

  1. Madagascar Ministry of Justice: 148 Chinese nationals involved in cryptocurrency fraud cases have been extradited.

  2. Talis Protocol market contract attacked, approximately 5,700 escrowed NFTs stolen.

    PANews November 2 news: Talis Protocol posted a disclosure that on October 31, an attacker exploited a vulnerability in its marketplace and auction contracts on...

  3. What Is EIP-7702? The Ethereum Upgrade Behind the Binance Hack Incident

    EIP-7702 allows regular Ethereum wallets to run smart contract code, thereby enabling batch transactions and sponsored transactions (paying Gas fees on behalf o...

  4. Analysis: Binance hacker laundered approximately $242 million through Tron within two days.

  5. He Yi denies rumor that "Binance engineer's relationship with North Korean spy led to theft"