Crypto-Stealing SIM Swapper Pleads Guilty, Gets 10 Years in Prison
First Case of SIM Swapping Conviction
What would you think about the results of this Ortiz case? Share your thoughts on the subject in the comments section below.
Multiple Different Tests Under Way
Joel Ortiz accepted the plea deal and will probably be officially sentenced on March 14, Motherboard reported, quoting the Deputy District Attorney in Santa Clara County, California. Authorities think his case is the first that finishes with a certainty for SIM swapping. West commented:
Released at Sun, 03 Feb 2019 03:39:55 +0000
Images courtesy of Shutterstock, Swiss Venture Capital Report 2019.
Each one of these people have been accused of stealing millions. The SIM swappers used the telephone numbers to obtain access to the victims&rsquo networking accounts, in addition to their own bitcoin wallets.
He was about to fly with $250,000 at cryptocurrency After Joel Ortiz was detained at LAX the summertime, Boston Globe reported. Before his attempt to depart the U.S., Ortiz had spent an additional $150,000 of their misappropriated digital funds.
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His accomplices and ortiz targeted people by the crypto area. It’so thought their victims comprised attendees of this Consensus conference in New York last May. They were able to sneak the crypto funds after tricking telephone companies into transferring the goal ’s telephone number.
S — 10 years in looking at Joel & rsquo. And we will continue to locate everyone else who &rsquo.
According to the novel, most these investigations are led by the Regional Enforcement Allied Computer Team (React). The task force joins the efforts of numerous local police departments in the U.S. country of California.
Law enforcement representatives expressed expect the case will serve as a good example for others suspected or alleged of the same crime and deliver a message. The officials didn’t reveal the number of investigations that are ongoing but acknowledged there were arrests and search warrants.
While attempting to depart for Europe the 20-year-old from Boston was detained. He is one of hackers detained for SIM swapping last year for example Joseph Harris, Nicholas Truglia and Xzavyer Narvaez.
Joel Ortiz, a school student who allegedly stole cryptocurrency worth around $5 million, also has since pleaded guilty and accepted that a 10-year jail sentence. Ortiz was detained and accused of carrying the telephone numbers of approximately 40 people. He is now the very first person to be sentenced for the crime.
Samy Tarazi, one of those agents who worked on the Ortiz event, said the unit has received countless reports on SIM swapping attacks from people that were targeted by hackers. However, he added that their number has decreased.
Throughout his trial, Joel Ortiz was facing 28 charges including points of grand theft, identity theft and hacking.