Crypto investigator ZachXBT has sparked a debate on the need for stricter punishments for SIM card fraud, specifically highlighting the loopholes within current legal frameworks in both Canada and the European Union. He argues that the lenient penalties allowed perpetrators to evade substantial consequences, particularly as many offenders are minors. These individuals often face minimal repercussions or even have their identities shielded from public scrutiny. ZachXBT’s investigation revealed a stark example with Cameron Redman, a 17-year-old Canadian who was involved in a $37 million SIM card swapping attack in 2020. The full extent of his involvement wasn’t known until crypto journalist ZachXBT publicly disclosed it following a series of criminal activities like phishing and account takeover exploits.