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Hackers Spread Fake News About SEC Approving Spot Bitcoin Exchange-Traded FundIt wasn't a sophisticated hack on Jan. 9 that allowed hackers to briefly take control of an official U.S. Securities and Exchange Commission social media account, the agency said Monday. The hackers simply scammed the account's mobile phone provider in a SIM swap attack.
Joseph James "PlugwalkJoe" O'Connor, a 24-year-old from the United Kingdom who earned his 15 minutes of fame by participating in the July 2020 hack of Twitter, has been sentenced to five years in a U.S. prison. That may seem like harsh punishment for a brief and very public cyber joy ride. But O'Connor also pleaded guilty in a separate investigation involving a years-long spree of cyberstalking and cryptocurrency theft enabled by "SIM swapping," a crime wherein fraudsters trick a mobile provider into diverting a customer's phone calls and text messages to a device they control.