DOJ Targets $5M in Crypto from SIM Swap and Casino Scheme
- Hackers exploited SIM swap vulnerabilities to steal millions in Bitcoin.
- The stolen funds, totaling $5 million, were laundered through a casino.
- The U.S. Department of Justice (DOJ) has initiated an asset seizure action against the involved parties.
This week, the DOJ announced efforts to recover $5 million in Bitcoin linked to a sophisticated SIM swapping and casino laundering operation. The hackers utilized SIM swap flaws to execute the theft before channeling the funds through a gambling establishment.
The DOJ’s asset seizure action underscores its commitment to tackling digital heists involving cryptocurrency, as evidenced by this significant recovery effort targeting stolen Bitcoin. (Source)
