Hackers know many ways to get in where we wouldn't want them to. Recently, there has been a lot of buzz about hacks using the so-called SIM-swap. This time, the victim was a whale who had 45 million in cryptocurrencies stolen. This may be the most serious such attack in history. Biggest SIM-swap crypto theft The victim is Josh Jones, the founder of Dreamhost. According to his statements, the total damage of the hack reaches $45 million. The investor stored $30 million in Bitcoin Cash (approximately 100,000 BCH) and another $15 million in Bitcoin (1500 BTC). Several crypto-influencers got involved in helping, here is a tweet from one of them: Translation of the tweet: "SHOCKING. 1M (most likely influenced by emotion, the author accidentally added an extra zero). BCH SIM hack worth $30M from one Chinese whale (he claims $15M in Bitcoin was also stolen from him). He is currently asking miners for help. I am talking to top BCH mine owners about this. " Is there any chance of recovery? According to subsequent tweets from Wan, the hackers are separating the stolen digital coins into smaller portions and "will most likely run them through a transaction mixer soon to cover their tracks. The implication is that this is indeed a real hack." According to Wan, the only way for an investor to recover would be to deliberately cause a double release online, but that would certainly not please the rest of the community. If Whale had kept his digital coins in cold storage, the hack would not have happened. SIM-swap attacks are only possible if hackers come across a device tied to the 2FA of some exchange or wallet. The only thing left for us to do is to learn from others' mistakes and never, ever keep more crypto on hot wallets than we can lose. Hot wallets should only be used to store funds we need for now, such as for trading. All the rest of your crypto savings are recommended to be stored on hardware wallets such as Ledger. Tags hackers SIM-swap SIM-swap hacking
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