Rosa Maguina plowed a big chunk of her savings into cryptocurrency early this year, joining other individual investors trying to strike while bitcoin was hot. The funds vanished after a hacker hijacked her phone number for just two hours.
Ms. Maguina, who runs an events logistics business with her husband in Doral, Fla., said she was about to go to sleep on July 5 when she noticed her phone lost its signal. By the time Ms. Maguina’s service was restored, she said, an unauthorized user had changed her passwords for trading platforms Binance and Coinbase and initiated transactions that emptied her accounts of crypto valued at around $80,000 at the time.
“It was like someone coming through the window or backdoor into your house," Ms. Maguina
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