Law enforcement authorities in New York have charged a man in connection with an alleged SIM swap scam which saw victims lose out to the tune of $150,000 in digital currency, according to reports.
Alabama resident Joseph Chase Oaks, 22, is facing a slew of charges in connection with the fraudulent cryptocurrency scheme, including grand larceny, identity theft and computer trespass.
According to prosecutors, Oaks ran a scam which harvested data relating to 50 online accounts, which he used to steal digital currency over the period running from August 2018 to October 2019.
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