BlackCloak Client,
The Wall Street Journal reports that hackers have been able to steal cryptocurrency from individual investors, particularly through the SIM card on their phones.
How Hackers Leverage SIM Cards to Siphon Crypto:
Malicious actors have been able to steal money from crypto investors through SIM hijacking, where a phone number is switched from one device to another. Calls and text messages are rerouted from the victim's device to one controlled by a hacker, who can then use the information to access crypto accounts.
What To Do About This?:
We have clear instructions on how to prevent your SIM card from being hacked here: BlackCloak's guide for instructions on how to implement SIM controls. Or, use your app to schedule time with us to help you with it.