Security Experts:

Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cybercrime

SIM Swappers Sentenced to Prison for Hacking Accounts, Stealing Cryptocurrency

Two Massachusetts individuals have been sentenced to prison for their roles in a scheme to take over high-profile social media accounts and steal cryptocurrency.

Two Massachusetts individuals have been sentenced to prison for their roles in a scheme to take over high-profile social media accounts and steal cryptocurrency.

The two, Eric Meiggs, 24, of Brockton, and Declan Harrington, 22, of Beverly, employed SIM swapping, computer hacking, and other techniques as part of their nefarious activities, the US Department of Justice says.

According to documents presented in court, the two targeted executives of cryptocurrency companies and individuals who had large amounts of cryptocurrency or who owned high-value OG (Original Gangster) social media accounts.

Meiggs and Harrington conspired to take over OG accounts and steal their victim’s cryptocurrency and other assets of value.

One of the techniques they employed was SIM swapping, which consists of the attacker convincing the victim’s mobile phone carrier to transfer the victim’s number to a SIM card controlled by the attacker.

This allows the cybercriminals to pose as the victim with social media account providers and initialize password reset procedures that involve sending reset links or authorization codes to the victim’s phone number, which is now under the attacker’s control.

Next, the cybercriminals reset the account’s login credentials and can then access the account.

The two defendants targeted at least 10 victims in the US and allegedly stole roughly $330,000 in cryptocurrency from them. Meiggs allegedly took over two social media OG accounts.

Meiggs and Harrington were sentenced to two years and one day in prison and two years and seven days in prison, respectively. They pleaded guilty last year.

Related: Canadian NetWalker Ransomware Affiliate Gets 20-Year Prison Sentence in US

Related: Israeli Defence Minister’s Cleaner Sentenced for Spying Attempt

Related: Seventh Member of International Cyber Fraud Ring Sentenced to Prison

Related: Estonian Ransomware Operator Sentenced to Prison in US

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

Click to comment

Expert Insights

Related Content

Cybercrime

Zendesk is informing customers about a data breach that started with an SMS phishing campaign targeting the company’s employees.

Cybercrime

The release of OpenAI’s ChatGPT in late 2022 has demonstrated the potential of AI for both good and bad.

Cybercrime

A new study by McAfee and the Center for Strategic and International Studies (CSIS) named a staggering figure as the true annual cost of...

Cybercrime

The FBI dismantled the network of the prolific Hive ransomware gang and seized infrastructure in Los Angeles that was used for the operation.

Cybercrime

Video games developer Riot Games says source code was stolen from its development environment in a ransomware attack

Cybercrime

CISA, NSA, and MS-ISAC issued an alert on the malicious use of RMM software to steal money from bank accounts.

Cybercrime

Chinese threat actor DragonSpark has been using the SparkRAT open source backdoor in attacks targeting East Asian organizations.

Cybercrime

Artificial intelligence is competing in another endeavor once limited to humans — creating propaganda and disinformation.