Student Faces Charges for Stealing $5 Million in Crypto via “SIM Jacking”

Motherboard has reportedly obtained court documents pertaining to the arrest of Joel Ortiz, a 20-year-old from Boston, who is accused of stealing $5 million USD in bitcoin and other cryptocurrencies. Mr. Ortiz and his currently unidentified accomplices stole crypto from roughly 40 victims through a hacking technique known as “SIM jacking.”

20-Year-Old Arrested For Part in Theft of $5 Million in Crypto

Student Faces Charges for Stealing $5 Million in Crypto via “SIM Jacking”It has been reported that on the 12th of July, Californian police arrested a college student accused of being part of a group of criminals responsible for the theft of more than $5 million in cryptocurrencies.

Mr. Ortiz was reportedly arrested at Los Angeles International Airport whilst on his way to Europe donning a Gucci bag presumed to have been paid for with stolen money. The 20-year-old now faces 28 charges, including 13 counts of hacking, 13 counts of identity theft, and 2 counts of grand theft.

Ortiz is currently in jail awaiting his plea hearing on August 9th. His bail was set at $1 million.

First Reported Instance of Crypto Stolen Through ‘SIM Jacking’

The Bitcoin universe is vast. So is Bitcoin.com. Check our Wiki, where you can learn everything you were afraid to ask. Or read our news coverage to stay up to date on the latest. Or delve into statistics on our helpful tools page.

31.07.2018 / 17:35 71
SIM-Swapping Bitcoin Thief Charged in California Court SIM-Swapping Bitcoin Thief Charged in
Investigatorshave arrested and charged a20-year-old college studentwith multiple counts of hacking and identity theft. Prosecutors accuse him of
Greek Police Uncover Plot to Kill Accused Bitcoin Launderer/BTC-e Administrator Greek Police Uncover Plot to Kill
Greek police recently discovered a plan to kill Alexander Vinnik, a Russian national detained in Greece at the United States’ request under suspicion
‘Discount Bitcoin Bandits’ Charged in Robberies ‘Discount Bitcoin Bandits’ Charged in
A duo dubbed the “Discount Bitcoin Bandits” have been charged with stealing thousands of dollars from individuals intending to purchase
‘Discount Bitcoin Bandits’ Charged in Los Angeles for Theft ‘Discount Bitcoin Bandits’ Charged in
The Los Angeles County district attorney has charged a couple with stealing thousands of dollars from people who sought to purchase cryptocurrency,
Prosecutors Charge 'Discount Bitcoin Bandits' With Robbery Prosecutors Charge 'Discount Bitcoin
The Los Angeles County District Attorney's Office has charged two individuals with a robbery after they stole nearly $90,000 in a bitcoin fraud
Chinese Engineer Arrested for Stealing 100 Bitcoin From His Own Company Chinese Engineer Arrested for Stealing
Who Watches the Watchmen? An engineer from Beijing has been arrested after allegedly discovering a failed hacking attempt to his company and taking
Comments (0)
Add a comment
Comment on