US authorities arrest alleged SIM swapper for stealing $1M in crypto

A 19-year-old man has been arrested and formally charged in a New York Supreme Court indictment over SIM-swapping identity and crypto theft.

The Manhattan District Attorney’s Office announced Wednesday that Yousef Selassie, a resident of Brooklyn, allegedly accessed accounts of 75 people across the U.S. this year and stole over $1 million in cryptocurrency via SIM-swapping attacks.

“As alleged, in just 4 months he drained his victims of more than $1 million in cryptocurrency with little more than an iPhone and computer,” said Manhattan District Attorney Cyrus R. Vance, Jr.