Are there any reported incidents of sim swap attacks targeting cryptocurrency exchanges?

3 answers

• ReminiscenceJul 06, 2020 · 6 years ago
  Yes, there have been several reported incidents of sim swap attacks targeting cryptocurrency exchanges. These attacks involve fraudsters gaining control of a victim's phone number by convincing the mobile carrier to transfer it to a new SIM card under their control. Once they have control of the victim's phone number, they can bypass two-factor authentication and gain access to the victim's cryptocurrency exchange accounts. It is important for cryptocurrency exchange users to be vigilant and take steps to protect their accounts, such as using strong passwords and enabling additional security measures like hardware wallets or multi-factor authentication.
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• Mạnh LưuJul 20, 2020 · 6 years ago
  Absolutely! Sim swap attacks have become a growing concern in the cryptocurrency industry. Hackers have been known to target cryptocurrency exchange users by exploiting vulnerabilities in the mobile carrier's customer service processes. By convincing the carrier to transfer the victim's phone number to a new SIM card, the attackers can gain unauthorized access to the victim's accounts and steal their cryptocurrencies. This highlights the importance of implementing robust security measures and staying informed about the latest security threats in the cryptocurrency space.
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• Ayan AnwarDec 08, 2025 · 2 months ago
  Yes, there have been reported incidents of sim swap attacks targeting cryptocurrency exchanges. These attacks have caused significant financial losses for individuals and have raised concerns about the security of cryptocurrency exchanges. It is crucial for cryptocurrency exchange users to be aware of the risks and take necessary precautions to protect their accounts. This includes regularly monitoring their accounts for any suspicious activity, using strong and unique passwords, and enabling two-factor authentication whenever possible. Additionally, users should be cautious about sharing personal information online and should consider using hardware wallets for added security.
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