Crypto thief in SIM swap fraud sentenced to two and a half years in London

Radar: this news item, dated 8 October 2026, reports that a 25-year-old man helped steal almost US$ 260,000 in cryptocurrency through a SIM swap fraud scheme and was sentenced to two and a half years in prison by a London court. The text received is an automatic translation of an item from The Record feed. The headline also states that part of the money was spent on gold grillz, decorative dental ornaments. A SIM swap fraud consists of improperly transferring a victim's phone number to another SIM, which can allow interception of SMS verification codes. To consult the original, search for the article title on The Record website and check the date and amounts before quoting them. Relevance for organizations: accounts protected only by SMS are vulnerable to this kind of scam; prefer authenticator apps or physical security keys and review account recovery procedures.