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Arrests in $400M SIM-Swap Tied to Heist at FTX? – Krebs on Security
(krebsonsecurity.com)
Given my paranoia, it's hard to imagine people protecting their crypto accounts with SIM 2FA. Hardware keys are cheap comparing to the assets you are trying to protect?
FTX's accounting was done in a spreadsheet that included an entry titled "Hidden poorly labeled internal @fiat account"
There is no limit to the depths of their incompetence.
Then again, people need to learn not to keep their money on exchanges. That is a very poor security practice.
This is a most excellent place for technology news and articles.