Canadian Teen Arrested in Crypto Theft Worth $36.5 Million
- Case marks the biggest crypto theft reported by one person
- Police identified the alleged thief through a gaming username
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A Canadian teenager was arrested for allegedly stealing C$46 million ($36.5 million) worth of cryptocurrency from a U.S. victim, the biggest crypto theft reported from one person, according to police in the city of Hamilton, near Toronto.
Police said the victim was targeted through a cell phone scam known as SIM swapping, in which a scammer hijacks a wireless customer’s phone number to intercept two-factor authentication requests and gain access to the victim’s accounts.