SIM-swap fraudster who stole $260K in crypto gets 2.5 years in London

A London court sentenced 25-year-old Ajay Shinjin of Canary Wharf to two and a half years in prison for his role in a SIM-swapping scheme that stole nearly $260,000 in cryptocurrency in November 2021. He spent the funds on Dubai holidays and gold dental grills; BT flagged the unauthorized number transfers to eSIMs.

• Shinjin pleaded guilty in September to conspiracy to commit fraud and transferring criminal property
• One victim lost about £40,000, with £27,000 traced to Shinjin's crypto account
• Four victims were affected, one losing roughly £130,000 in cryptocurrency
• Police linked Shinjin to four eSIM-capable devices used in the scheme