Canada Teen Steals $ 36.5 Million In Cryptocurrency

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Thanks to a SIM card scam, a Canadian teenager managed to steal $ 36.5 million. The police were able to find him, but were unable to seize all of the stolen millions.

$ 36.5 million stolen. This is the largest cryptocurrency fraud case against an individual registered by the police in Hamilton, Canada. The events date back to 2020. To steal this substantial sum, the equivalent of 32 million euros, a teenager would have used a SIM card, Hamilton police report.

By calling the telephone operator of his victim, the teenager would have hijacked all his communications, reports BFM Business. The teenager must have known his victim, since he managed to convince his operator. By providing a new SIM card, he retrieved his connection information through a two-factor authentication system.

Thus, the teenager recovered his victim’s digital wallet and stole $ 36.5 million, via cryptocurrency. Hamilton Police, which launched a joint investigation by the FBI and the U.S. Electronic Crimes Task Force, located the teenager, but was only able to obtain $ 5 million. Part of the cryptocurrency would have been used to redeem a nickname in an online video game.

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