Irish Man Gets 3 Years in Prison for Stealing $2.5M in Crypto Through SIM Hacks

Irish Man Gets 3 Years in Prison for Stealing $2.5M in Crypto Through SIM Hacks
(tomekwalecki/Pixabay)

A Dublin man involved in the theft of more than $2 million in cryptocurrency through SIM-swap attacks has been sentenced to almost three years in prison.

Conor Freeman, 21, was handed down a two-year and 11-month sentence in the Dublin Circuit Criminal Court on Tuesday. He had pleaded guilty to several charges involving “guile and deception,” according to Judge Martin Nolan.

As reported by , Freeman was found guilty of engaging in the possession of proceeds of crime, theft and dishonestly operating a computer. He had 142.7 in his possession when arrested, an amount worth $2,502,790 at time of writing.

Freeman had not operated alone in his criminal activity, despite being characterized by his legal counsel as “very much a loner” in his younger years. He had been part of a group of six men who hacked cryptocurrency accounts over a three-day period in May, 2018.

The group identified three potential victims on social media where they obtained email addresses and phone numbers. Contacts within mobile operators would then transfer each victim’s phone number onto a SIM card purchased by the group.

In turn, the crew used methods for recovering passwords on various platforms and them sent to the victim’s phone number which was now in their possession.

The victims, Darran Marble, Seth Sharpiro and Micheal Templeman, respectively lost $100,000, over $1.9 million and more than $167,000 in cryptocurrency.

Gemini Exchange Is Using ClearBank for UK Banking Services

Previous

SEC’s Clayton Says Payment Inefficiencies Are Boosting Bitcoin’s Rise

Next

More