RATE Group | Boston Man Accused of Stealing $2M in Cryptocurrency
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Boston Man Accused of Stealing $2M in Cryptocurrency

01 Aug Boston Man Accused of Stealing $2M in Cryptocurrency

Posted at 20:33h in Cryptocurrency News by

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A college student from Boston was arrested last month after allegedly stealing at least $2 million in cryptocurrency and hacking phones owned by tech executives, according to prosecutors in California.

Joel Ortiz, 20, of Allston was ordered held on $1 million bail following his arraignment on 28 counts of grand theft, computer hacking and identity theft in the wake of his July 12 arrest.

He allegedly had $250,000 in cryptocurrency when he was arrested at Los Angeles International Airport on his way to Europe.

Prosecutors in California said Ortiz took control of his victims’ cell phones using their SIM card, changed their passwords and then hacked into email, social media and cryptocurrency accounts, stealing millions in the digital currency.

Court documents show that Ortiz managed to take over the cell phones by impersonating victims for cell phone carriers such as AT&T, talking them into granting him access to his victims’ phone numbers. In one case, Ortiz allegedly even walked into…

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