Oklahoma State Police Arrest SIM Swappers Who Sold Cellphone Numbers For Cryptocurrency Thefts

Oklahoma state police have recently arrested two men for cryptocurrency theft who reportedly stole millions of dollars from a California-based cryptocurrency company. Fletcher Robert Childers, 23, and Joseph Harris, 21, of Missouri, were detained on doubt of grand theft, a first-degree felony, and individuality theft, a Class C misdemeanor. as per Oklahoma state laws If charged for both, the duo could receive up to 35 years of prison time.

Court documents filed by Crowd Machine, a San Jose-based decentralized IT company, named Childers and Harris for their unproven participation in a $14 million theft. The report suspected the pair of exchanging the victim’s mobile sim card with a fake to steal his individuality and phone number. That allowed Childers and Harris to cooperation a cryptocurrency wallet registered with the stolen sim and lift $14 million worth of CMCT tokens.

In 2017 criminals have been aiming sufferers with so-called SIM swapping, SIM hijacking, or port out scams. This is an increasing cryptocurrency theft prevalent and unsafe scam. It contains deceiving a cellphone provider into moving the target’s phone number to a SIM card measured by the illegitimate, then fraudsters can leverage it to reset the victims’ passwords and break into their online accounts and snip their cryptocurrency, as stated in Motherboard.

Crowd Machine had recently concluded a pre-ICO round of CMCT tokens. So far, the firm has released 500 million token units to the marketplace and was having 1.5 billion ICO tokens in reserve. After the hack, the suspect allegedly moved 1 billion CMCT to cryptocurrency exchanges, some external the United States. Crowd Machine touched out to its public with an appeal to not be in touch with people related to the conceded wallet address. In reply, many exchanges stopped trading of CMCT tokens.

At present, Harris is being detained in the Oklahoma state jail with no bond. Childers is no longer in county custody. As per Oklahoma’s News 4, this case should be a wake-up call of the public, regardless of the cryptocurrency theft as people are continuing to use their cell phones for personal information storage.

The post Oklahoma State Police Arrest SIM Swappers Who Sold Cellphone Numbers For Cryptocurrency Thefts appeared first on OWLT Market.

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