They Stole $24 Million Without Touching His Phone
Short1:27Science & TechnologyPublished Oct 15, 2026, 11:00 PM · 6d ago
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Avg views / day
3
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Description
Your bars disappear. "No Service." In a SIM swap, your phone number is moved to a stranger's phone, and with it every text, including the six-digit codes your bank and email send to prove you are you.
• The case (federal court order, Terpin v. AT&T Mobility, March 28, 2023): on January 7, 2018, an employee at an authorized AT&T retailer was bribed to move Michael Terpin's number. From his email the attackers reached his OneDrive, found a document in the trash folder with his wallet credentials, and took about 3 million tokens, roughly $24 million at the time.
• They never touched his phone. They bought one phone number, from one employee.
• The fix: take your phone number out of the login chain. For your email, your bank and anything that holds money, switch two-step verification from text messages to an authenticator app, or better, a passkey or a physical security key.
Full story (12 min): "They Stole $24 Million Without Touching His Phone" on this channel.
Sources
• U.S. District Court, C.D. Cal., Terpin v. AT&T Mobility, No. 2:18-cv-06975-ODW-KS, order of March 28, 2023 (Doc. 243).
• FBI IC3 PSA220208, SIM swap schemes: https://www.ic3.gov/PSA/2022/PSA220208
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#simswap #cybersecurity #2fa
Tags
sim swapsim swappingsim swap attackwhat is a sim swapno servicephone number hijackmichael terpinat&tsms two factor authenticationauthenticator app vs smspasskeystwo step verificationcrypto theftcybersecurity explainedtrue cybersecurity storyshorts
Details
- Published
- Oct 15, 2026, 11:00 PM
- Length
- 1:27 (87 s)
- Format
- Short (3 min or less)
- Category
- Science & Technology
- Audio language
- EN-US
- Quality
- HD
- Captions
- No
- Made for kids
- No
- Licensed content
- No
- Video ID
- JIpt0xwdK7I
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