Source: Pixabay<\/p>\n
SIM swappers are beginning to target crypto influencers ahead of the holidays, with some taking control of their high-profile accounts on X.<\/p>\n
Some include the accounts of crypto investment firm Manifold Trading and its founding partner, Jae Chung. Unlike regular posts about platform products and market analysis, both accounts posted a series of malicious links to crypto drainers, which have already claimed some victims.<\/p>\n
Holy shit I really just got my wallet drained@manifoldtrading<\/a> @_jaechung<\/a> are\/were compromised<\/p>\n GOD DAMNIT fuck dude https:\/\/t.co\/PLpDqB7epY<\/a> pic.twitter.com\/8fjtoftEyt<\/a><\/p>\n \u2014 lron (@lronLoL) December 22, 2023<\/a><\/p>\n Chung confirmed to CoinTelegraph that the hack was caused by a SIM swap, but that only his and the company\u2019s X accounts were impacted. Anything \u201cfund-related,\u201d he said, remains safe.<\/p>\n SIM stands for Subscriber Identity Module. Mobile phones come baked in with a SIM card that stores identifying information (aka your phone number).<\/p>\n Hence a SIM swap is when a hacker takes control of your phone number, usually by convincing a cell carrier to switch your number to a SIM in their possession. Naturally, this gives the hacker access to any accounts for which a victim uses that number for two-factor authentication.<\/p>\n Farokh \u2013 the pseudonymous founder of the decentralized media platform \u201cRug Radio\u201d \u2013 also confirmed<\/a> he\u2019d been SIM swapped on Wednesday. Earlier this month, the firm formed a merger with crypto media outlet Decrypt.<\/p>\n \u201cPhone number is not associated to Twitter, but please be careful,\u201d he wrote to X. \u201cMy phone number is compromised, trust nothing coming from me.\u201d<\/p>\n <\/span> Blockchain investigator ZachXBT has recommended that crypto holders use authenticator apps or security keys over phone numbers, even warning that pin-protected SIMs can be \u201cbypassed rather easily.\u201d<\/p>\n \u201cIt\u2019s easily preventable by NOT using Verizon, ATT, or any other normal carrier,\u201d added<\/a> borovik.eth on Wednesday. \u201cAll it takes is a couple calls and some convincing and they\u2019ll transfer your number to someone else\u2019s phone.\u201d<\/p>\n Between May and August, at least 54 crypto community members lost<\/a> $13.3 million to SIM swaps.<\/p>\n Back in October, several users of the new social finance platform, Friend.tech<\/a>, lost significant funds to SIM swaps, with members like froggie.ETH losing<\/a> 20 ETH he held on the platform in September.<\/p>\n The post Multiple Crypto Influencers Struck By SIM Swap Attacks \u2013 Here Are The Details<\/a> appeared first on Cryptonews<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Source: Pixabay SIM swappers are beginning to target crypto influencers ahead of the holidays,…<\/p>\n","protected":false},"author":0,"featured_media":18359,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[],"class_list":["post-18358","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/marketmakersjournal.com\/wp-json\/wp\/v2\/posts\/18358","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/marketmakersjournal.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/marketmakersjournal.com\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/marketmakersjournal.com\/wp-json\/wp\/v2\/comments?post=18358"}],"version-history":[{"count":0,"href":"https:\/\/marketmakersjournal.com\/wp-json\/wp\/v2\/posts\/18358\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/marketmakersjournal.com\/wp-json\/wp\/v2\/media\/18359"}],"wp:attachment":[{"href":"https:\/\/marketmakersjournal.com\/wp-json\/wp\/v2\/media?parent=18358"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/marketmakersjournal.com\/wp-json\/wp\/v2\/categories?post=18358"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/marketmakersjournal.com\/wp-json\/wp\/v2\/tags?post=18358"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Avoiding SIM Swap Hacks<\/h2>\n
\nThere are a plethora of ways to avoid getting SIM swapped, or to reduce the danger of one. For one, many choose to use Google Authentator or other downloadable apps for two-factor authentication, rather than a phone number.<\/p>\n