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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Man's Lookalike Brother Fools SoFi's Online ID Verification For $52K Loan He Lost To Crypto Scam

SOFI Crypto Killian Cryptocurrency Identity Theft FTC
SoFi continues to blame the victim arguing it has found no foul play in the loan application despite culprit's confession. (Credit: Sora Shimazaki/Pexels.com)

A unique case of identity theft has emerged, revealing how a determined scammer exploited an online bank's verification process to steal a $52,000 loan, only to lose the entire sum to a cryptocurrency scam. ABC 7 News's 7 On Your Side investigative team uncovered the details after receiving an anonymous package from Manila, Philippines. The sender, claiming to be the hacker, confessed to stealing a San Francisco man's identity to secure a loan in his name. The case sheds light on the vulnerability of digital banking and the devastating consequences for victims of identity theft.

Hacker Claims Identity Theft Was Meant to "Help" Expose Security Flaws

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