CRYPTO-CF-005Critical Risk
cyber/fraud
Red Flag
Customer’s 2FA is bypassed through SIM swap or phishing, resulting in unauthorized withdrawal of all virtual currency holdings to an external wallet with no transaction history.
Industry
Cryptocurrency Exchanges
Transaction Type
crypto
Customer Type
individual
Category
Regulatory Source
Document:FIN-2016-A003 Cyber Events
Type:FinCEN Advisory
CFR Citation:31 CFR §1022.210
SAR Category:Cyber event
FinCEN Key Term:SIM Swap
Last Verified:2026-04-15
This red flag is provided for informational and educational purposes only. It is not legal, regulatory, or compliance advice. Always consult the official source document and a qualified compliance professional for guidance specific to your situation.