Blockchain Capital Co-Founder Sues Hacker For Stealing $6.3 Million in a SIM-Swap Attack Co-founder and managing partner at Blockchain Capital, Bart Stephens, has taken legal action against an unidentified hacker
who allegedly stole $6.3 million worth of cryptocurrencies from his digital wallets, Forbes reported.
Stephens claims
Jane Doe exploited a SIM-swap vulnerability, manipulating personal information sourced from
the dark web to bypass security protocols with the cellular network provider.
This breach enabled the hacker
to reset account passwords and ultimately gain control over the victim's digital assets.
The lawsuit filed
in the United States District Court for the Northern District of California on August 16, alleges that the hacker orchestrated the attack
in May by commandeering Stephens' cellular network account and subsequently transferring
his private cell number to a new device.
Earlier this month,
the fund's Twitter account was compromised in an unrelated security breach, used to promote a cryptocurrency token.
