According to the “Chinese whale,” as cryptocurrency commentator and investor Dovey Wan branded them, it was a SIM swap. (Importantly, these claims cannot be verified, with many questioning why someone would store such a large sum of Bitcoin and BCH on a platform that can be accessed through one cellphone. There may be context missing that has yet to be revealed.)
For those unaware, a SIM swap is when a hacker takes over one’s cellular identity, meaning their cell phone number, often through social engineering tactics.
With many services requiring second-factor authentication in the form of codes sent as texts to phone numbers, SIM swaps may allow hackers to more easily access a victims’ online banking information, emails, online file drives, and even crypto exchange logins.
Could we see a flush happening --- After this happened I wouldnt recomened buying or selling BTC need to see what happens