#sanor016CommUNITY #TrendingTopic #News #sanor016CommUNITY The $400 million FTX hack is related to the SIM card swapping attackThe Ministry of Justice accused 3 people in the SIM card replacement scheme, which is probably related to the theft of 400 million dollars of FTX digital currency.The cryptocurrency exchange was hacked for more than $400 million just hours after it filed for bankruptcy in 2022. Many initially believed it was an inside job. Three people accused by US prosecutors of orchestrating a series of SIM-swapping attacks are linked to the $400 million hack of FTX in 2022, which occurred just hours after it filed for bankruptcy.US federal prosecutors have charged Robert Powell, Carter Rahn and Emily Hernandez with carrying out SIM-swapping attacks by stealing the identities of 50 victims and persuading telecom providers to port the victims' numbers to the trio's phones.Part of the filing details an attack on "Victim Company-1" — where on November 11 and 12, 2022, Hernandez allegedly impersonated a company employee and Powell then accessed their AT&T account.

A Feb. 1 Bloomberg report cited two people familiar with the matter who confirmed that the company named in the indictment is FTX.

Some of the funds were sent to the Kraken crypto exchange shortly after the hack. Chief security officer Nick Percoco posted to X at the time that he was aware of the user's identity.

For months afterward, exploitative wallets moved funds through various bridges and blockchains in an attempt to launder the stolen cryptocurrency.