Losing funds is not uncommon in the cryptocurrency space. This is primarily due to the ongoing rise in SIM swapping attacks. Several users have fallen victim to a SIM swap in recent years. BCH SIM Swap Story Seems Questionable It has proven to be a very effective method for criminals to exploit. One user claims to have lost over $45 million in holdings not that long ago. Of this funds, two-thirds was kept in Bitcoin Cash, whereas the remainder is in Bitcoin. Keeping such vast amounts on an exchange is asking for trouble. Criminals can monitor public blockchains with ease,
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