August 15, 2018 - Crypto investor Michael Terpin lost $24m (SIM card attack)

Cordalo simplify writing Corda applications.

Terpin says hackers were twice able to convince AT&T to connect his phone number to a SIM card they controlled, routing his calls and messages to them and enabling them to defeat two-factor authentication protections on his accounts.

SIM swapping consists of tricking a provider into transferring a subscriber’s phone number to a SIM card controlled by someone else.

Source Reuters