Teen Hackers Exploit SIM Vulnerabilities in $37M Crypto Heist, Exposing Legal Gaps
Cybercriminals are increasingly leveraging SIM swap attacks and social engineering to steal millions in cryptocurrency, with young offenders often shielded by lenient laws. A recent $37 million heist orchestrated by a 17-year-old Canadian highlights the growing trend of juvenile involvement in high-stakes crypto thefts.
Legal frameworks in Canada and the EU offer protections for underage offenders, creating a perverse incentive for repeat offenses. Critics argue these weak penalties fail to deter sophisticated attacks targeting crypto wallets and exchanges.
The case of Cameron Redman, whose identity remained protected despite his role in the multimillion-dollar scheme, underscores the tension between privacy rights and accountability in digital asset crimes.
