July 4, 2022

A 24-year-old U.Ok. man faces extradition to the U.S. following a sim-swap rip-off that occurred in mid-2021 which focused a Boston cryptocurrency dealer.

Robert Barr, 24, is going through extradition to the U.S. following a crypto fraud that befell in Could and July 2017. U.S. prosecutors say that Barr and Londoner Corey De Rose robbed Reggie Middleton, a Boston dealer, earlier than transferring the cash to a different crypto pockets.

What’s a “sim swap” rip-off?

A “sim-swap” rip-off is when a scammer transfers a person’s cellphone quantity to a different system with out their authorization. This permits the scammer to start receiving communications related to that cellphone quantity, together with entry to electronic mail addresses, passwords, and naturally, crypto wallets.

In Could 2017, Barr and American Anthony Frances Faulks hacked a feminine’s cellphone, permitting them to make off with slightly below half 1,000,000 kilos, redirecting the funds to totally different crypto wallets. In line with U.S. prosecutors, Barr faces eight fees within the state of Georgia, together with wire fraud and identification theft, following investigations by a grand jury in 2020.

Barr’s case up to now

Barr was arrested by Scottish police in February 2021, after the FBI tipped them off to Barr’s conduct. After showing in courtroom, Barr was remanded in custody previous to extradition proceedings which formally started final April.

He was finally launched on bail to his mom in Kilbirnie in October 2021.

Nonetheless, final week, Barr’s request to dismiss the continued case and arrest warrant was denied. He’s anticipated to face an extradition listening to later this yr.

See also  Central Bank of Nigeria to Upgrade eNaira for More Uses, Including Bill Payments

De Rose, 22, who additionally has Asperger’s, gained his extradition case again in January of this yr. He was additionally alleged to have hacked right into a crypto account in 2017.

Barr went “too far,” says former hacker

As soon as a part of a gaggle of teenage hackers, together with Barr, a former buddy mentioned that Barr would generally go too far.

“We have been younger, round 15-16ish, and, for me, it was enjoyable…You possibly can take the accounts, usually inactive and unused, so no loss to anybody, and promote them to different individuals who wished that username. I don’t suppose Robert absolutely understood the severity of his actions and noticed it as simply stuff taking place on his laptop.”

Barr’s mother and stepdad claimed ignorance, declining to speak to the press.

Final yr, telecom big AT&T was sued following a buyer’s lack of $560,000 value of crypto as a consequence of sim-swap fraud, whereas one other man misplaced $7,300 from his Coinbase account after a sim-swap assault on his T-Cellular account.

Cryptocurrency exchanges like Coinbase don’t reimburse funds misplaced via SIM-swap fraud, since funds don’t get stolen as a consequence of a safety breach on their aspect, however fairly via a stolen identification.

What do you consider this topic? Write to us and inform us!

Disclaimer

All the knowledge contained on our web site is printed in good religion and for basic info functions solely. Any motion the reader takes upon the knowledge discovered on our web site is strictly at their very own threat.