Financial Crime: University of California student allegedly tapped into people’s cell phones to steal their cryptocurrency

Daily Trade

It was the worst kind of wrong number.

A 21-year-old student at the University of California San Diego allegedly commandeered the cell phone accounts of at least 40 people to plunder their cryptocurrency wallets, prosecutors said.

Richard Yuan Li, of Hercules, Calif., is accused of operating what is called a SIM-swap scam from his dorm room…

Articles You May Like

Snowflake’s stock flies higher as software company’s outlook impresses
Gap says it picked up wealthier shoppers, and more market share, despite weak clothing demand
Activist ValueAct is poised to trim fat and help boost profits at Meta Platforms. Here’s how
Stock-market investors cheered end of election uncertainty. Policy uncertainty remains.
It’s time now to focus on Nvidia, Treasury bonds and a bullish finish to 2024