Sim Swapping
Sim swapping is a method used by hackers to take control of someone's mobile phone. They do this to access accounts that use two-factor authentication or two-step verification, allowing them to steal personal information or cryptocurrency.
More terms under S
- SidechainA sidechain is a separate blockchain that connects to a main blockchain, allowing assets to move between them securely.
- SignalSignals are recommendations to buy or sell a cryptocurrency based on market analysis.
- Silk RoadAn online marketplace on the dark web where people could buy and sell illegal goods, which was shut down by the FBI.
- Simple Agreement for Future Token (SAFT)A Simple Agreement for Future Token (SAFT) is a contract that allows investors to buy rights to a cryptocurrency token that will be launched later. It is…
- Simple Ledger Protocol (SLP)Simple Ledger Protocol (SLP) is a system that lets people create their own tokens on the Bitcoin Cash network. These tokens can represent anything users want.
- Simplified Payment Verification (SPV)A Simplified Payment Verification (SPV) is a way for lightweight apps to check if transactions are valid on the blockchain without needing to download the…
Educational definition. Protocol rules and market conventions can differ; check an asset's official documentation.