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Canadian Teen Hacker Charged For $50M Cryptocurrency Theft

Ramsey Baker

Summary: Eighteen-year-old hacker Samy Bensaci is facing four criminal charges connected to a $50 million SIM-swapping scam which targeted cryptocurrency holders, according to a report from Infosecurity Magazine on Jan. 17. Bensaci is being accused of being a member of a ring that stole millions of dollars in cryptocurrency from American and Canadian holders. The theft ...

Eighteen-year-old hacker Samy Bensaci is facing four criminal charges connected to a $50 million SIM-swapping scam which targeted cryptocurrency holders, according to a report from Infosecurity Magazine on Jan. 17.

Bensaci is being accused of being a member of a ring that stole millions of dollars in cryptocurrency from American and Canadian holders. The theft reportedly occurred during the spring of 2018.

According to Québec police representative Hugo Fournier the hackers had stolen "$50 million from our neighbors to the south and $300,000 in Canada."

By Ramsey Baker

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