ZachXBT calls for tougher penalties on SIM swappers cites teen hacker case

Canadian Teen Steals $37M in Cryptocurrency Through SIM Swap Attack

A major cryptocurrency theft involving a SIM swap attack has been exposed by blockchain investigator ZachXBT, revealing that a Canadian teenager stole $37 million worth of cryptocurrency in 2020. The perpetrator, identified as Cameron Redman, was 17 years old at the time of the attack. The incident matches a concerning pattern of high-profile SIM swap attacks, including a recent $165 million theft that resulted in a $33 million settlement agains…

ZachXBT Exposes $37M SIM Swap Heist, Urges Legal Reform in Crypto Crime Cases

ZachXBT Uncovers Massive SIM Swap Crypto Theft Blockchain investigator ZachXBT has revealed new details in a major SIM swap attack carried out by Canadian teenager Cameron Redman. The incident occurred in 2020, when Redman was just 17 years old. He allegedly hijacked the phone number of crypto investor Josh Jones, gaining access to two-factor authentication codes and seizing over 1,547 Bitcoin and 60,000 Bitcoin Cash. At the time, the stolen fun…

ZachXBT flags legal gaps after teen’s $37m crypto theft

Crypto sleuth ZachXBT has called for stricter penalties against SIM swapping and social engineering fraudsters. He highlighted the case of a Canadian teenager who allegedly carried out a $37 million cryptocurrency theft. ZachXBT’s comments followed an X user’s suggestion that…

ZachXBT calls for tougher penalties on SIM swappers cites teen hacker case

Zach is demanding real consequences after tracking a teenager who stole $37 million in crypto without facing public exposure for years. In a Sunday X post, Zach said laws in Canada and the EU are too soft, especially when underage hackers are involved in crimes like SIM swapping and phishing. He...