A new report has shed light on the potential culprits behind the notorious security breach at the now-defunct cryptocurrency exchange FTX. The violation that took place subsequent to FTX declaring insolvency resulted in cyber thieves siphoning off more than $400 million in cryptocurrency from the digital currency trading platform. The Department of Justice has indicted three individuals believed to be accountable for the FTX cyberattack. Bloomberg reports that the Department of Justice has brought charges against three individuals, namely Robert Powell, Emily Hernandez, and Carter Rohn, for participating in a SIM-swapping scheme that attacked a cryptocurrency exchange and several people. Additionally, there’s a related article in which a cryptocurrency analyst forecasts an unprecedented increase of 122,000% for the price of Shiba Inu, providing an anticipated price target. The document from the court did not specify that FTX was the cryptocurrency exchange compromised, yet it was affirmed by those with knowledge of the situation that FTX was in fact the exchange involved. According to reports, these cyber criminals managed to infiltrate FTX’s wallets by implementing a sim-swap scam targeting an employee’s phone data. Bitcoinist earlier covered that shortly after the cryptocurrency exchange declared bankruptcy, these hackers siphoned off in excess of $400 million. Upon emptying the cryptocurrency wallets, the individuals subsequently channeled the assets through numerous decentralized exchanges (DEXs) and exchanged a portion of the tokens in an effort to obscure their financial trail. At the same time, in the realm of cryptocurrency, SIM-swap attacks are increasingly becoming a typical occurrence. Ethereum co-creator Vitalik Buterin once disclosed that he had his X account (previously known as a Twitter account) compromised by cybercriminals. Similarly, the X account of MyDogeWallet was breached by attackers the previous year. The Chief Technology Officer of Dogecoin wallet, Alex, disclosed that his phone number had been transferred fraudulently to another SIM card.