A Massachusetts man has pleaded guilty to running a scheme to take over people’s social media accounts and steal hundreds of thousands of dollars in cryptocurrency, the Department of Justice (DOJ) stated on April 29.
Eric Meiggs, 23, of Brockton, admitted that he and one or more co-conspirators used an illegal practice known as “SIM-swapping” to obtain login credentials for the social media accounts of his victims, exploiting them to steal or try to steal more than $530,000 in cryptocurrency, the Justice Department said in a statement.
