A Hamilton, Ont. youth has been arrested in connection with a large digital currency theft estimated to be around $46 million, according to police.
The joint investigation, which dates back to March 2020, involves the Federal Bureau of Investigations (FBI) and the United States Secret Service, which probed a cryptocurrency theft from a victim located in the United States.
Investigators say the fraud is tied to account takeovers targeting security weaknesses in two-step verification protocols used in mobile phones. Read more: Bitcoin price soars past US$50,000 after months-long slump “The victim had been targeted by a SIM swap attack, a method of hijacking valuable accounts by manipulating cellular network employees to duplicate phone