19-Year-Old Arrested in $1 Million Crypto SIM Swap Hack

Michael LaVere
  • A 19-year-old Brooklyn resident has been arrested for stealing $1 million in crypto.
  • Yousef Selassie allegedly stole the identify of at least 75 victims using an elaborate SIM-swap hack.

Authorities have announced the arrest of 19-year-old Yousef Selassie in connection with the alleged theft of $1 million in crypto using SIM-swapping hacks. 

According to an announcement made by the Manhattan District Attorney’s Office on Wednesday, Selassie was formally charged in an indictment for stealing the identities of at least 75 victims across the United States. The Brooklyn resident allegedly used a sophisticated SIM-swapping scheme to steal more than $1 million in cryptocurrency.

Manhattan District Attorney Cyrus Vance said in the statement, 

From his Brooklyn apartment, this defendant accessed accounts belonging to 75 victims in 20 different states.

He continued, 

As alleged, in just 4 months he drained his victims of more than $1 million in cryptocurrency with little more than an iPhone and computer.

Vance called Selassie’s indictment the third major SIM-swapping case brought to his office in recent months and encouraged anyone affected by a similar hack to reach out to the Cybercrime and Identity Theft Bureau. 

Featured Image Credit: Photo via Pixabay.com