Cameron Redman, a Canadian hacker, was found guilty of stealing $37 million in cryptocurrency through a SIM swap attack in 2020. The court delivered the verdict on July 29, 2025, also linking his crime to 2022 hacks related to NFTs. Redman, who initially started as a minor offender, has exploited many victims, amassing Bitcoin and Cash.
$37M Crypto Hacker Meets Restitution Order
On July 29, 2025, a court in Hamilton, Ontario, convicted Redman of the $37 million cryptocurrency theft. In February 2020, he used a SIM swap attack on Josh Jones, stealing 60,000 Bitcoin Cash (BCH) and 1,547 Bitcoin (BTC) by bypassing two-factor authentication.
Redman laundered the stolen funds through centralized exchanges and mixers like Chip Mixer. Authorities seized about $5.4 million, but much of the stolen money remains unrecovered. The authorities have committed to retrieving the remaining loot. Redman received time served and one year of probation, which forbids him from any crypto-related activities.
Recent scams show that Redman’s tactics are still being used. For example, in April 2025, a $330 million Bitcoin theft from an elderly person was traced back to social engineering and Monero laundering. In August 2024, another $230 million crypto heist used similar methods, highlighting ongoing weaknesses in crypto security.
Watchdogs Save the Day
Crypto investigator ZachXBT played an important role in exposing Redman’s crimes. He connected the 2020 theft to Redman’s NFT Twitter hacks in 2022. In August 2022, ZachXBT revealed that Redman, using the name “Antihero,” sold access to Twitter panels, allowing hacks on accounts like Beeple and Nouns DAO.
ZachXBT’s blockchain analysis traced laundered funds back to Redman and linked him to scammers. In a June 2025 post, the online investigator criticized the leniency shown to minors involved in cybercrimes, helping lead to Redman’s identification and conviction.
ZachXBT has continuously shown how helpful online security can be with recent related cases of scam tracking. For example, on 28 April 2025, a security investigator uncovered a Bitcoin theft and laundering scheme involving 3,520 BTC, valued at $330.7 million, which included a troubling transfer from a victim’s address to a known theft address.
These recent high-profile cases send a clear signal that criminals will face serious consequences for digital theft. Redman’s conviction demonstrates a strong response to cybercrime, and the restitution order shows that authorities are holding criminals accountable.
