ZachXBT Calls for Stricter Penalties on SIM Swapping Fraud
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Blockchain investigator ZachXBT has urged for harsher penalties for SIM card swapping and social engineering fraud, highlighting the leniency of current laws in Canada and the EU. He criticized the legal systems for allowing juvenile offenders to escape severe punishment, often due to their protected identities. ZachXBT cited the case of Cameron Redman, a 17-year-old Canadian involved in a $37 million SIM swap fraud in 2020, whose identity remained undisclosed until his involvement in phishing activities.Source:Show Original
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