British man sentenced for participating in SIM SIM-swap fraud 2 and a half years

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A British man was sentenced for participating in SIM SIM-swap fraud, 2 and a half years in prison, in a case involving approximately 265000 USD in stolen cryptocurrency.

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British man involved in SIM SIM-swap fraud sentenced to 2 and a half years, suspected of stealing 265000 USD cryptocurrency

BlockBeats reports that,October 9, the City of London Police said, 25-year-old Ajay Shinjin was sentenced to SIM and a half years in prison for participating in 2 and a half years in prison. The case involved the theft of nearly 200000 pounds (approximately 265000 USD) in cryptocurrency. Shinjin received more than 44000 pounds of this amount. He had previously pleaded guilty to conspiracy to commit fraud by false representation and transferring criminal property. 2021 In November, the UK telecommunications operator BT discovered that customers' mobile numbers had been transferred without authorization to SIM SIM cards controlled by criminals. The criminals used this to intercept one-time passcodes sent by banks and cryptocurrency platforms via text message.BT After tracking the devices receiving the relevant numbers, police identified several suspects, four of whose devices were linked to Shinjin.

According to data from the anti-fraud organization Cifas, unauthorized SIM SIM-swap cases recorded in the UK's National Fraud Database increased by 2026 year-on-year in the first half of 402%. Cifas said that this method is increasingly being used to intercept security passcodes and bypass account protection measures.

Original link https://m.theblockbeats.info/flash/370999

Key points

The City of London Police said that 25-year-old Ajay Shinjin was sentenced to SIM for participating in SIM-swap fraud, 2 and a half years in prison.
The case involved nearly 200000 pounds (approximately 265000 USD) in stolen cryptocurrency.
Shinjin received more than 44000 pounds of this amount and pleaded guilty to conspiracy to commit fraud by false representation and transferring criminal property.
2021 In November，BT discovered that customers' mobile numbers had been transferred without authorization to SIM SIM cards.
The criminals used this to intercept one-time passcodes sent by banks and cryptocurrency platforms via text message.
Cifas data shows that the UK's National Fraud Database recorded unauthorized SIM SIM-swap cases in 2026 the first half of, up 402%。

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

SIM SIM-swap fraud refers to attackers transferring a victim's mobile number to a SIM SIM card they control, allowing them to receive SMS one-time passcodes and attempt to bypass account protection. In this case, police identified several suspects, including Shinjin, by tracking the devices receiving the relevant numbers.

Why it matters to readers

The case shows that bank and cryptocurrency platform accounts relying on SMS one-time passcodes may be vulnerable to SIM SIM swaps; the number of related cases recorded by Cifas has also increased.

If an account uses SMS one-time passcodes, attackers may receive login or transaction passcodes after a mobile number is transferred without authorization.

Risks and unknowns

The evidence does not provide an original announcement from the City of London Police or the court.
The evidence does not state the sentencing outcomes for the other suspects or whether the stolen assets were recovered.
The evidence does not specify the full case scope covered by the Cifas statistics.

British man sentenced for participating in SIM SIM-swap fraud 2 and a half years

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