Teen in Canada Arrested Over $36.5 Million Crypto Theft

Bloomberg reports on a theft involving a Canadian teen stealing US$36.5 million in cryptocurrency from a victim in the U.S.

Police said the victim was targeted through a cell phone scam known as SIM swapping, in which a scammer hijacks a wireless customer’s phone number to intercept two-factor authentication requests and gain access to the victim’s accounts.

The arrest was the result of a joint investigation with the Federal Bureau of Investigation and the U.S. Secret Service Electronic Crimes Task Force, the Hamilton Police Service said in a statement. The investigation was launched last year in March.

If you haven’t already done so it’s a good idea to lock your SIM card with a PIN.

North Vancouver Plans to Use Electricity From Bitcoin Mining for Heat

The city of North Vancouver in Canada is planning to use electricity created by Bitcoin mining to heat houses.

The technique will involve using MintGreen’s Digital Boilers, which recover more than 96 per cent of the electricity used for bitcoin mining to heat commercial and residential buildings.

Operating at full capacity 365 days a year, the bitcoin miner will be able to heat 100 residential and commercial buildings in the city, situated in the hills north of Vancouver.