SIM card swapping attacks have surged recently, and X accounts of founders such as Manifold Trading and Rug Radio have been stolen one after another.

SIM card swapping attacks have surged recently. In the past 48 hours, the accounts of X, the founder of Manifold Trading, Rug Radio and other projects, have been stolen one after another. On December 22, hackers managed to take control of the X account of Manifold Trading and its founding partner Jae Chung, and posted malicious links leading to crypto asset drainers. Chung confirmed that the hack was due to a SIM card swapping attack. He also said that any "fund-sensitive" information is safe and steps are being taken to restore the account. In addition, on December 21, Farokh, the pseudonymous founder of Rug Radio, also suffered a SIM card swap attack. (Cointelegraph)