Cops Accuse 20-Year-Old College Student of Stealing More Than $5 Million in Bitcoin by Hijacking Phone Numbers (vice.com)

California authorities say a 20-year-old college student hijacked more than 40 phone numbers to steal $5 million in Bitcoin, including some from cryptocurrency investors at a blockchain conference Consensus. Motherboard, which broke the story citing court documents: This is the first reported case of an alleged hacker who was using SIM swapping (also known as SIM hijacking or Port Out Scam) specifically to target people in the blockchain and cryptocurrency worlds.

Joel Ortiz was arrested at the Los Angeles International Airport on his way to Europe, according to sources close to the investigation, who said Ortiz was flashing a Gucci bag as part of a recent spending spree they believe was financed by the alleged crimes. He is facing 28 charges: 13 counts of identity theft, 13 counts of hacking, and two counts of grand theft, according to the complaint filed against him on the day before his arrest.