Polish Authorities Bust SIM-Swapping Ring Responsible for Millions in Crypto Theft
A sophisticated cybercrime group specializing in SIM-swapping attacks has been dismantled by Polish authorities, with support from the **FBI** and **Homeland Security Investigations (HSI)**. The four arrested individuals are accused of breaching telecommunications partners and hijacking email accounts to steal millions in cryptocurrency, which was then laundered through a distributed financial network.
Polish law enforcement, spearheaded by the **Polish Cybercrime Bureau (CBZC)**, has successfully apprehended four members of an organized cybercrime group. This operation, bolstered by international cooperation from the **FBI** and **HSI**, targeted a ring responsible for high-value SIM-swapping attacks.
Investigators revealed that the suspects employed advanced cyberattack techniques to acquire the necessary data for their SIM-swapping operations. This involved gaining unauthorized access to the infrastructure of entities collaborating with telecommunications operators and compromising employee email accounts.
Once access was established, the perpetrators hijacked victims' phone numbers, intercepted critical SMS messages and email communications, and ultimately seized control of accounts on various cryptocurrency exchanges. This allowed them to illicitly transfer funds.
"Using specialized software and social engineering, the perpetrators gained unauthorized access to the infrastructure of entities cooperating with telecommunications operators and employee email accounts,β stated the **CBZC** in an official announcement. βThe data obtained in this way enabled so-called SIM swap attacks, which involve the illegal cloning and takeover of victims' phone numbers.β
The stolen funds, estimated to be in the millions of U.S. dollars, were subsequently laundered through a complex, distributed financial network. **CBZC** estimates the total value of laundered funds to exceed several tens of millions of Polish zΕoty, translating to at least $5 million USD.
The authorities noted that the group treated these illicit activities as a consistent source of income, utilizing multiple bank accounts across various countries and digital wallets to facilitate the transfer of stolen assets.
The four arrested individuals are currently in pre-trial detention, facing serious charges including participation in an organized criminal group, hacking into IT systems to commit theft, and money laundering. These offenses carry a maximum penalty of 25 years in prison.
While **CBZC** did not publicly name the arrested individuals, blockchain crime investigator **ZachXBT** identified one of them as **Wojtek Kulisz**, also known as β**Merry**,β based on images released by the authorities from the police raid.
