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…

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