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Potential Risks of SIM Swapping in Cryptocurrency Launches | Flash News Detail | Blockchain.News
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12/14/2024 4:17:21 PM

Potential Risks of SIM Swapping in Cryptocurrency Launches

Potential Risks of SIM Swapping in Cryptocurrency Launches

According to ZachXBT, there is a potential risk where a threat actor could perform a SIM swap on a public figure and use their phone number to launch a cryptocurrency. This scenario poses significant security concerns for both the public figure and potential investors, as it could lead to unauthorized and fraudulent coin launches.

Source

ZachXBT

@zachxbt

ZachXBT is an Pseudonymous independent on-chain sleuth who is popular on revealing bad actors and scams in the crypto space