US Officials Allege Student Defrauded Apple as Part of SIM Swap Attack

[Nostoman]

A 20-year old California resident was charged Monday by the U.S. Department of Justice with allegedly participating in a SIM-swapping scam that defrauded Apple and stole one victim’s cryptocurrency.

Richard Yuan Li, a student at University of California-San Diego, is accused of one count of conspiracy to commit felony wire fraud in connection with the scheme, which hit 19 victims and successfully plundered a “significant portion” of crypto from one, a New Orleans doctor, according to the allegations.

The DOJ filed its charges against Li in the U.S. District Court for the Eastern District of Louisiana.

It is not clear how much crypto Li and conspirators allegedly stole from the unnamed doctor. According to case filings, the victim had accounts with Binance, Bittrex, Coinbase, Gemini and Poloniex, among others. At one point, one conspirator attempted to extort the victim for 100 bitcoin.
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