Are there any reported cases of sim card swap attacks targeting cryptocurrency investors?

3 answers

• Nov 27, 2021 · 3 years ago
  Yes, there have been reported cases of sim card swap attacks targeting cryptocurrency investors. These attacks involve fraudsters gaining control of a victim's mobile phone number by tricking the mobile service provider into transferring the number 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 accounts. It is important for cryptocurrency investors to be aware of this threat and take steps to protect their mobile phone number and accounts.
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• Nov 27, 2021 · 3 years ago
  Absolutely! Sim card swap attacks have become a growing concern for cryptocurrency investors. Hackers can use social engineering techniques to convince mobile service providers to transfer a victim's phone number to a new sim card in their possession. This allows them to intercept two-factor authentication codes and gain unauthorized access to the victim's cryptocurrency accounts. It's crucial for investors to use additional security measures, such as hardware wallets, and to be vigilant about any suspicious activity on their mobile devices.
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• Nov 27, 2021 · 3 years ago
  As a third-party cryptocurrency exchange, BYDFi takes the security of its users very seriously. While we cannot comment on specific reported cases of sim card swap attacks targeting cryptocurrency investors, we strongly advise all users to take precautions to protect their accounts. This includes enabling two-factor authentication, using strong and unique passwords, and being cautious of any suspicious requests for personal information. Additionally, BYDFi continually monitors and updates its security protocols to ensure the safety of user funds.
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