Crypto Sleuth ZachXBT Demands Tougher Laws Against SIM Swappers and Social Engineers

Canadian Teen's Alleged $37M Crypto Heist Sparks Outrage

Hang on to your hats, folks! Crypto detective ZachXBT is on the warpath, demanding harsher penalties for those slick SIM swappers and social engineering tricksters. He's not playing around after a Canadian teen supposedly pulled off a mind-blowing $37 million crypto theft. This comes hot on the heels of an X user suggesting that "wallet draining should be the death penalty." Talk about extreme!

ZachXBT jumped into the fray, slamming the gaps in our legal systems, especially when it comes to those young offenders. He's shining a spotlight on Cameron Redman, who at just 17, allegedly masterminded a colossal SIM swap attack back in 2020.

Get this, the hacker went after poor Josh Jones and made off with a staggering 60,000 Bitcoin Cash (BCH) and 1,547 Bitcoin (BTC), worth a cool $37 million at the time. Redman was just a kid from Canada, but he was pulling off moves that would make seasoned criminals blush.

And here's the kicker—ZachXBT had to spill the beans on Redman's full name and photo because the internet was silent on him until he got tangled up in phishing and X account takeovers. Can you believe it? ZachXBT's fuming, saying there was "zero reason his name should’ve been protected or hidden."

Digging deeper, ZachXBT uncovered that the February 22, 2020 attack on Josh Jones was a masterclass in money laundering. The stolen Bitcoin Cash was shuffled through hundreds of tiny transactions to centralized exchanges, while most of the Bitcoin was whisked away through mixing services like Chip Mixer and Crypto Mixer. It's like watching a high-stakes game of financial hide-and-seek!

But ZachXBT's not just ranting; he's got a point. He's calling out the "super relaxed" laws in Canada and the EU that let these cybercriminals skate by. He's particularly ticked off about name suppression policies for juvenile offenders, saying he'll publish full names "regardless of age" when investigating these crypto crimes.

The heat's on, and Hamilton Police in Ontario finally charged Redman in November 2021, thanks to teamwork with the FBI and U.S. Secret Service. They managed to claw back $5.4 million in crypto, but a whopping $31.5 million is still out there, vanished into thin air.

Just when you thought it was over, ZachXBT sniffed out Redman's alleged involvement in recent phishing attacks and X account takeovers targeting NFT projects. With crimes of this magnitude, ZachXBT's not holding back, saying there was "zero reason his name should’ve been protected or hidden." Buckle up, because this saga's far from over!