UK Hacker Arrested Over $243M Genesis Creditor Theft and 2023 SIM Swap Attack
Investigator ZachXBT suggested suspect Danny Meech may have been detained in Dubai, though authorities have issued no confirmation or public statement on the matter.
Summary
On-chain investigator ZachXBT disclosed that Danny Meech, linked to the $243 million Genesis creditor theft in August 2024 and other major crypto crimes, may have been detained in Dubai. However, The Block reported that neither Dubai police nor UAE regulators have released any public statements or media reports confirming such an arrest. Meech has been associated with the 2023 Kroll SIM swap attack affecting BlockFi, Genesis, and FTX clients, as well as multiple social engineering schemes exceeding $300 million in losses.
Terms & Concepts
- SIM swap attack: A cybercrime technique where attackers hijack a victim’s mobile phone number to gain access to accounts and steal funds.
- Genesis creditor theft: A large-scale cryptocurrency theft targeting creditors of Genesis, a digital assets firm, involving unauthorized asset transfers.
- Blockchain tracing: The process of tracking cryptocurrency transactions on a blockchain to identify fund movements and potential criminal activity.