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A Guy Named "Baby Al Capone" Pulled Off a $24 Million Crypto Heist On this week's episode of "Dirty Money," learn the story of a massive scam pulled off by some gamer buddies who turned very unfriendly when the heat turned up.

By Dan Bova

Have you ever heard of something called SIM-swapping? It sounds like something that would happen late at night at a 1970s party in the suburbs, but it is much dirtier than that. On this week's episode, we examine the intricacies of what a SIM-swapping phone hack is and how a bunch of minor players were able to spearhead a major $24 million crypto heist.

Related: Why Do We Let Ourselves Get Scammed?

Based on an incredible story reported by Margi Murphy and Drake Bennett for Businessweek (read it here), we tell the tale of Michael Terpin, who after literally watching his crypto millions disappear before his eyes, launched a tireless campaign to find and punish the criminals who did it. The twists and turns of this story will leave your head spinning and make you think about ditching your smartphone for a flip phone. Or better yet, a landline. And a word to the wise? Never get in business with someone nicknamed "Baby Al Capone." Also, if you are in a crypto crime syndicate called Community? Your fellow criminals might be your worst enemies.

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About Dirty Money

Dirty Money is a new podcast series from Entrepreneur Media telling the tales of legendary scammers, con artists, and barely-legal lowlifes who stop at nothing to bilk their marks of millions. Hosted by Entrepreneur editors Dan Bova and Jon Small, the podcast takes a deep dive into the deviants behind the deeds.

Dan Bova

Entrepreneur Staff

VP of Special Projects

Dan Bova is the VP of Special Projects at Entrepreneur.com. He previously worked at Jimmy Kimmel Live, Maxim and Spy magazine. Check out his latest humor books for kids, including Wendell the Werewolf, Road & Track Crew's Big & Fast Cars, and The Big Little Book of Awesome Stuff.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

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