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California Man Must Pay $61K in Restitution for SIM Swap Scam That Stole One Victim's Crypto

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Richard Yuan Li, whom prosecutors had charged with one count of conspiracy to commit felony wire fraud, and co-conspirators stole the crypto from an unnamed New Orleans physician after gaining access to multiple crypto accounts. The victim had accounts with Binance, Bittrex, Coinbase, Gemini and Poloniex, among others. At one point, one conspirator attempted to extort the victim for 100 bitcoin.

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  • Source: https://www.coindesk.com/policy/2022/08/11/california-man-must-pay-61k-in-restitution-for-sim-swap-scam-that-stole-one-victims-crypto/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

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