Canadian Police Arrest Teen for Allegedly Stealing $36M in Crypto

Canadian Police Arrest Teen for Allegedly Stealing M in Crypto
Canadian police in Hamilton, Ontario, arrested a teen for allegedly stealing C$46 million ($36 million) worth of cryptocurrency through a SIM swap attack on a victim located in the U.S.This is the biggest cryptocurrency theft reported so far in Canada, the Hamilton police said in a press release on Wednesday.The victim was targeted by a SIM swap attack, in which scammers hijack accounts by manipulating cellular network employees to duplicate phone numbers so “threat actors” can intercept two-factor authorization requests, the police said .Some of the stolen cryptocurrency was used by the teen to purchase an online username that the…