ZachXBT flags legal gaps after teen’s $37m crypto theft
Crypto sleuth ZachXBT has called for stricter penalties against SIM swapping and social engineering fraudsters.
He highlighted the case of a Canadian teenager who allegedly carried out a $37 million cryptocurrency theft. ZachXBT’s comments followed an X user’s suggestion that “wallet draining should be the death penalty.”
The post received a reply from the crypto sleuth on the gaps in current legal frameworks, especially regarding juvenile offenders.
ZachXBT shares $37m Canadian case
The investigator specifically referenced Cameron Redman, who allegedly conducted a massive SIM swap attack in 2020 at age 17.
The hacker targeted a victim for approximately 60,000 Bitcoin Cash (BCH) and 1,547…
