RATE Group | Cryptocurrency promoters and execs targeted in SIM-swapping scam: DOJ
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Cryptocurrency promoters and execs targeted in SIM-swapping scam: DOJ

15 Nov Cryptocurrency promoters and execs targeted in SIM-swapping scam: DOJ

Posted at 00:01h in Cryptocurrency News by

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An application for Bitcoin in front of a window of the offices of the bank ‘La Maison du Bitcoin’ in Paris, France.

Chesnot | Getty Images

Two alleged thieves targeted cryptocurrency executives and threatened their families, stealing hundreds of thousands of dollars in a wide-ranging scheme, according to a Justice Department indictment handed down Thursday in Massachusetts.

Eric Meiggs and Declan Harrington, both of Massachusetts, allegedly targeted cryptocurrency executives and commentators, including individuals who published crypocurrency trading guidance, owners of blockchain-based businesses and cryptocurrency project leaders. In all, they were allegedly stole or attempted to steal $550,000.

The indictments highlight fears that scammers will target highly public participants in the still-young cryptocurrency space. The FBI has issued warnings to early cryptocurrency adopters to be on alert and protect their private information.

The complaint says Meiggs and Harrington used cell…

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