SIM-swappers face hundreds of years in prison for $2.4M cryptocurrency theft
An Irish man, part of a hacking group called “The Community,” is facing upwards of 100 years in a US prison after allegedly stealing over $2 million worth of cryptocurrencies in a series of SIM-swap attacks.
Conor Freeman, a 20 year-old Irish man, was named as part of the group and – if found guilty – could be extradited to the US and face over 100 years in prison, the Independent IE reports. Five other individuals were named as being part of The Community in documents from a Michigan, US court last week and face similar charges.
Court documents state the group committed seven SIM-swapping attacks which allowed them to steal $2,416,352 worth of cryptocurrency. What cryptocurrencies were stolen has not been disclosed.
The sextet have been indicted with 15 counts of wire fraud, conspiracy to commit wire fraud, and aggravated identity theft.
Each count of wire fraud carries a maximum sentence of 20 years in prison, as does conspiracy to commit wire fraud. Identity theft in support of wire fraud carries a maximum sentence of two years.
Given the number of indictments against The Community, the group could collectively face well-over 200 years in prison.