A British man has been sentenced to two and a half years in prison for his involvement in a SIM swap scam, and is charged with stealing $265,000 worth of cryptocurrency.
46 minutes ago
City of London Police said 25-year-old Ajay Shinjin was sentenced to two and a half years in prison for his involvement in a SIM swap fraud. The case involved the theft of nearly £200,000 (around $265,000) worth of cryptocurrency, with Shinjin receiving more than £44,000 in proceeds. He had previously pleaded guilty to conspiracy to commit fraud by false representation and transferring criminal property. In November 2021, UK telecom operator BT discovered that customer mobile phone numbers had been unauthorizedly ported to SIM cards controlled by criminals. The scammers used this tactic to intercept one-time passcodes (OTPs) sent via SMS by banks and crypto platforms. After BT traced the devices receiving the affected numbers, police identified multiple suspects, four of whom were linked to Shinjin. Data from anti-fraud organization Cifas shows that unauthorized SIM swap cases recorded in the UK National Fraud Database rose by 402% year-on-year in the first half of 2026. Cifas noted that this method is increasingly being used to intercept security verification codes and bypass account protection measures.
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