A man from Pennsylvania is charged by United States authorities for conspiracy wire fraud and extortion via a series of SIM swaps targeting cryptocurrency execs and investors. The accused used “fraud, deception, and social engineering techniques” urge telecoms employees to transfer numbers from SIM cards belonging to his targets. The court documents have not revealed the amount of stolen cryptocurrency but indictment states that he proceeds to purchase a house, a Ferrari and three other cars, jewelry, a Rolex watch, and royalty rights to twenty songs.