Kai West Charged With $25 Million Cybercrime Spree

币界网报道:Kai West, a 23-year-old from the UK, has been charged with stealing over $25 million in cryptocurrency through SIM-swapping attacks targeting high-profile victims in the US. The US Department of Justice alleges West participated in a cybercrime spree between March 2022 and April 2023, compromising at least 45 victims including executives, entrepreneurs, and social media influencers. Prosecutors claim West and his co-conspirators gained unauthorized access to victims' email and crypto accounts by manipulating cellular carriers to transfer phone numbers to devices under their control. The group allegedly laundered stolen funds through cryptocurrency mixers and foreign exchanges. West faces up to 20 years in prison if convicted on wire fraud and aggravated identity theft charges. The case highlights growing concerns about SIM-swapping as a preferred method for crypto theft, with losses from such attacks increasing 400% since 2020 according to FBI data.

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