Have you ever ever heard of one thing referred to as SIM-swapping? It appears like one thing that will occur late at night time at a Nineteen Seventies occasion within the suburbs, however it’s a lot dirtier than that. On this week’s episode, we study the intricacies of what a SIM-swapping cellphone hack is and the way a bunch of minor gamers had been in a position to spearhead a significant $24 million crypto heist.
Associated: Why Do We Let Ourselves Get Scammed?
Primarily based on an unimaginable story reported by Margi Murphy and Drake Bennett for Businessweek (read it here), we inform the story of Michael Terpin, who after actually watching his crypto tens of millions disappear earlier than his eyes, launched a tireless marketing campaign to seek out and punish the criminals who did it. The twists and turns of this story will depart your head spinning and make you consider ditching your smartphone for a flip cellphone. Or higher but, a landline. And a phrase to the smart? By no means get in enterprise with somebody nicknamed “Child Al Capone.” Additionally, in case you are in a crypto crime syndicate referred to as Neighborhood? Your fellow criminals is likely to be your worst enemies.
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About Soiled Cash
Soiled Cash is a brand new podcast collection from Entrepreneur Media telling the tales of legendary scammers, con artists, and barely-legal lowlifes who cease at nothing to bilk their marks of tens of millions. Hosted by Entrepreneur editors Dan Bova and Jon Small, the podcast takes a deep dive into the deviants behind the deeds.
Supply: Entrepreneur