Here’s how SIM swap in alleged bitcoin pump-and-dump scheme worked
Here’s how SIM swap in alleged bitcoin pump-and-dump scheme worked
False information posted to official SEC account caused spike in the currency.
you know, here in ZA (and across Africa) services got past the “your phone number is your security layer” thing in the early 10s because we had fraud and related issues way back
but no, the US is insistent that they have to retread that path and learn those lessons over. can’t go and learn from an african country, that wouldn’t be fitting of
an imperial hellholeA First World Countrywhy no, I’m not salty about services making me have worse security settings at all, why do you ask…
17Yeah security in the USA has always been pretty bad. Iirc it often had to do with monopoly like structures keeping the advances at bay because it costs money to upgrade. Did the bank cards move away from magnetic strips already?
10they ever so very slowly started doing chip (not necessarily with PIN) from 4~6y ago, state depending
probably need to give them another decade.
7
You'd be surprised, but many countries with much lower GDP/capita have far more developed/sophisticated ICT services than the US, not to mention far more competition.
This is not just my personal view, I've had Americans (who have travelled the world) mention this as well.
9You’d be surprised
I wouldn't be :) have visited many of them, and worked in a fair couple too
what was shocking (on my first visit there) is how absolutely fucking antiquated US infra is across multiple dimensions. not shocking these days, I now understand so many of the reasons for it
that understanding also makes so much of what comes out of the US (and its weird obsessions with specific non-solutions) make a lot more sense
9
@froztbyte oh I absolutely hate using SMS for authentication
I had to do some eGovernment-related stuff recently and I think I had to wait for and type in an SMS one-time-code like 8 times until I got what I wanted4can’t go and learn from an african country, that wouldn’t be fitting of an imperial hellhole A First World Country
A spring day can be colder than an autumn day. And for which parts of the world it's autumn and for which it's spring, you guess.
That
your phone number is your security layer
is because people deciding on security are interested in firm connections between accounts and people.
It's an environment where surveillance is companies' incentive for profit, and so on, you've surely read about all that.
-9
After the SIM swap was performed, prosecutors said, Council then performed Internet searches that incriminated him in the fraud conspiracy. The searches included: “SECGOV hack,” “telegram sim swap,” “how can I know for sure if I am being investigated by the FBI,” and “What are the signs that you are under investigation by law enforcement or the FBI even if you have not been contacted by them.”
Ars having some fun selecting quotes.
17I was going to say that hindsight is 20/20, but in this case the hindsight sounds pretty short sighted as well.
It sounds like Mr. Council was the fall guy for his co-conspirators. He did all the in person stuff, with his own face, and it doesn't sound like he thought particularly deeply about the need to cover his tracks until it was too late.
11Considering he did a search for "how can I know for sure if I am being investigated by the FBI", he can't be the sharpest knife in the drawer.
It's fair for him to try and do an internet search for US federal police processes, but the question style does not inspire confidence.
8
I should get in the habit of Googling "how to renew expiring fed mitm certificate" every few weeks for the microscopic chance the joke might some day pay off big time.
10