Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ETHEREUM NEWS»Grand jury indicts hackers who stole $400 million from FTX
ETHEREUM NEWS

Grand jury indicts hackers who stole $400 million from FTX

By Crypto FlexsFebruary 2, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Grand jury indicts hackers who stole 0 million from FTX
Share
Facebook Twitter LinkedIn Pinterest Email

Three people have been indicted on charges of masterminding a $400 million hack reportedly linked to failed cryptocurrency exchange FTX. The grand jury indicted them as follows: Arstechnica The nearly two-year SIM swapping spree resulted in two reported counts of conspiracy to commit wire fraud and aggravated identity theft and access device fraud.

According to prosecutors, Americans Robert Powell, Carter Rohn, and Emily Hernández carried out the SIM swap attacks between March 2021 and April 2023.

However, court documents cited by ArsTechnica do not mention FTX or its founder Sam Bankman-Fried by name. Instead, it was given the name Victim Company-1. subsequent bloomberg Today’s report cites anonymous sources confirming that Victim Company-1 is in fact FTX.

“On or about November 11, 2022, Hernandez used a fake ID containing details of an FTX employee to convince AT&T to transfer his mobile phone account to a different SIM card.” bloomberg said. “Powell, the alleged ringleader of the group who goes by the online nicknames ‘R$’ and ElSwapo1, used various authentication codes to access FTX’s cryptocurrency wallet.”

The indictment lists several targets, but one section in particular has led to much speculation that the hack may have targeted FTX on the day the company filed for Chapter 11 bankruptcy in late 2022.

The prosecution said, “Continuing from around November 11, 2022, to November 12, 2022, the conspirators transferred over $400 million worth of virtual currency from the virtual currency wallet of Victim 1 to the virtual currency wallet managed by the conspirators.”

“We are investigating anomalies in wallet movements related to the consolidation of FTX balances across exchanges,” FTX US General Counsel Ryne Miller said in a then-deleted tweet.

According to blockchain detective ZachXBT, more than $650 million was stolen in 24 hours.

SIM jacking, or SIM swapping, is a type of cyberattack that steals someone’s phone number by instructing a mobile carrier’s customer support representative to transfer the number to another SIM card. Hackers can then use the reassigned SIM to bypass two-step authentication and gain access to the victim’s online accounts, such as bank accounts, social media accounts, and email accounts.

Edited by Ryan Ozawa.

Stay up to date with cryptocurrency news and receive daily updates in your inbox.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Hash research CEO is appointed chief policy officer at the presidential office

June 7, 2025

Ether Leeum’s imminent brake out in major chart patterns

June 6, 2025

Bitcoin dives for less than $ 102K in fading momentum and macroscopic uncertainty.

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

Solana Whale will not announce $ 17 million in four years. Should I worry?

June 7, 2025

HOLONYM’s Human Network: Convert on boarding on boarding on human -friendly keys

June 7, 2025

The SEC gets $ 1.1m case when Crypto Schemer crosses the court.

June 7, 2025

NFT artists reproduce ‘password tax nightmares’ with new songs.

June 7, 2025

NVIDIA’s GB200 NVL72 and Dynamo improve MoE model performance

June 7, 2025

Despite market volatility

June 7, 2025

TEZOS promotes scaling efforts by activating data soluble layers.

June 7, 2025

It shows a graphite network. Tesla is nothing without trust because Tesla’s Tesla spent $ 150 billion after Musk and Trump’s fallout.

June 7, 2025

The merchant warns that Bitcoin is in ‘cancer price behavior’.

June 7, 2025

Is Bitcoin Price Rally $ 150K by the end of the year?

June 7, 2025

How does it affect Bitcoin?

June 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Solana Whale will not announce $ 17 million in four years. Should I worry?

June 7, 2025

HOLONYM’s Human Network: Convert on boarding on boarding on human -friendly keys

June 7, 2025

The SEC gets $ 1.1m case when Crypto Schemer crosses the court.

June 7, 2025
Most Popular

Tether freezes all OFAC-approved wallets as a ‘proactive’ security measure.

December 9, 2023

Solana Optimistic Network Raises Funding in ‘Cobuilder’ Round Without Participation of VC Firms

August 27, 2024

Jito token recorded a trading volume of $1.1 billion on the first day.

December 9, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.