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18-Year-Old Charged For 50 Million Crypto Theft

18-Year-Old Charged For 50 Million Crypto Theft

18-Year-Old Charged For 50 Million Crypto Theft-Techcryption

Samy Bensaci, a Canadian teenager is accused of four criminal charges of a USD50 million worth SIM-swapping. The theft was targetted on American and Canadian crypto-holders, where the Québec police representative Hugo Fournier said that the hackers were responsible for the theft of “$50 million from our neighbours to the south and $300,000 in Canada.”

Bensaci was arrested in Victoria, British Colombia and was bailed for 200,000 Canadian dollars, as well as prohibited from any online accessible device.

“Bensaci is prohibited from accessing any computer, tablet, mobile phone, game console, including PS3, PS4, Xbox, Nintendo Switch, or any other device capable of accessing the Internet, and banned from possessing or exchanging any form of crypto-currency”.

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Infosecurity magazine

Among the alleged victims are renowned Toronto businessman, author, and head of the Blockchain Research Institute Don Tapscott and his son Alex, a globally recognized investor, advisor, and speaker on Blockchain technology and crypto-currencies.

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