Two US Men Sentenced for Stealing Crypto Using 'SIM Swapping'
The duo targeted "at least 10 identified victims" stealing "approximately $330,000 in cryptocurrency."
Two men from Massachusetts have been sentenced to serve time in prison for an "extensive scheme to take over victims' social media accounts and steal their cryptocurrency using techniques such as SIM swapping," according to a press release by the U.S. Justice Department.
- Eric Meiggs, 24, has been sentenced to two years and one day in prison and Declan Harrington, 22, has been sentenced to two years and seven days in prison.
- The FBI had arrested Meiggs and Harrington in 2019. Meiggs pleaded guilty to each of the seven counts charging him with conspiracy, wire fraud, computer fraud and abuse as well as aggravated identity theft in 2021.
- The initial allegation was that the duo tried to steal more than $550,000 in cryptocurrency. The latest announcement says the duo targeted "at least 10 identified victims" stealing "approximately $330,000 in cryptocurrency."
- Meiggs and Harrington "targeted executives of cryptocurrency companies and others who likely had significant amounts of cryptocurrency and those who had high value or “OG” (slang for Original Gangster) social media account names," the announcement said.
- SIM swapping is a way of bypassing two-factor authentication using mobile operators to break into sensitive websites like crypto exchanges and online banking. Several individuals in the cryptocurrency space have fallen victims to SIM swapping.
Read More: 'Baby Al Capone' Agrees to Pay $22M in AT&T SIM-Swap Case
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
Digital assets posted a third consecutive quarter of losses in Q2 2026, the longest losing streak since the 2022 bear market, as institutional capital rotated into AI equities and Bitcoin ETFs recorded their largest quarterly outflow since launch. Our report examines what drove the divergence, where structural adoption continued regardless, and what Q3 signals to watch.
Digital assets posted a third consecutive quarter of losses in Q2 2026, the longest losing streak since the 2022 bear market, as institutional capital rotated into AI equities and Bitcoin ETFs recorded their largest quarterly outflow since launch. Our report examines what drove the divergence, where structural adoption continued regardless, and what Q3 signals to watch.
Why it matters:
Digital assets posted a third consecutive quarter of losses in Q2 2026, the longest losing streak since the 2022 bear market, as institutional capital rotated into AI equities and Bitcoin ETFs recorded their largest quarterly outflow since launch. Our report examines what drove the divergence, where structural adoption continued regardless, and what Q3 signals to watch.
