💻 ZachXBT exposes Canadian teenage hacker who stole 37 million USD in cryptocurrency
ZachXBT criticizes Canadian and EU laws as too lenient on teenage hackers after exposing Cameron Redman, who stole 37 million USD by sim-swapping investor Josh Jones in 2020 when he was just 17 years old. Redman laundered money through exchanges but was only quietly charged in 2021, with his identity concealed.
Zach believes this protection allowed Redman to continue scamming on platform X, causing millions of USD in additional losses.
Sim-swapping is on the rise: Zach notes a more than 1,000% increase from 2023 to 2024, with losses in the US exceeding 82 million USD in 2024, involving organized crime groups like the Italian Mafia.