Former telecom manager admits to doing SIM swaps for $1,000 (
from to on 16 Mar 2024 23:30


threaded - newest on 16 Mar 2024 23:43 collapse

For carrying the unauthorized number porting, Katz received $1,000 in Bitcoin per SIM swap (total of $5,000), plus an (unspecified) percentage of the profits earned from the illicit access to the victims’ devices.

For his actions, Katz faces a statutory maximum of five years in prison and a fine of up to $250,000 or twice the financial gain or loss from the crime on 17 Mar 2024 02:30 collapse

And he’s just the one who got caught. on 17 Mar 2024 02:43 collapse

The FBI received 1,600 complaints about SIM-swapping in 2021, a sharp increase from the three previous years.

Source: Wikipedia

This guy was only guilty for 5.

Most incidents seem to be from social engineering tech support though. No manager needed.