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SIM Swappers Sentenced to Jail for Hacking Accounts, Stealing Cryptocurrency

By Ionut Arghire on October 20, 2022

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Two Massachusetts people have been sentenced to jail for his or her roles in a scheme to take over high-profile social media accounts and steal cryptocurrency.

The 2, Eric Meiggs, 24, of Brockton, and Declan Harrington, 22, of Beverly, employed SIM swapping, laptop hacking, and different strategies as a part of their nefarious actions, the US Division of Justice says.

In accordance with paperwork offered in courtroom, the 2 focused executives of cryptocurrency corporations and people who had massive quantities of cryptocurrency or who owned high-value OG (Authentic Gangster) social media accounts.

Meiggs and Harrington conspired to take over OG accounts and steal their sufferer’s cryptocurrency and different belongings of worth.

One of many strategies they employed was SIM swapping, which consists of the attacker convincing the sufferer’s cell phone provider to switch the sufferer’s quantity to a SIM card managed by the attacker.

This enables the cybercriminals to pose because the sufferer with social media account suppliers and initialize password reset procedures that contain sending reset hyperlinks or authorization codes to the sufferer’s cellphone quantity, which is now underneath the attacker’s management.

Subsequent, the cybercriminals reset the account’s login credentials and may then entry the account.

The 2 defendants focused a minimum of 10 victims within the US and allegedly stole roughly $330,000 in cryptocurrency from them. Meiggs allegedly took over two social media OG accounts.

Meiggs and Harrington have been sentenced to 2 years and sooner or later in jail and two years and 7 days in jail, respectively. They pleaded responsible final 12 months.

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