Zachxbt reveals Canadian Sim Swapper who stole $37 million in code

Zack is demanding real results after tracking down a teenager who stole a $37 million code for years without facing public exposure.

On Sunday’s X-Post, Zack said Canadian and EU laws are too soft. Especially when a minor hacker is involved in crimes such as SIM exchanges or phishing. He pointed directly to Cameron Redman, a Canadian at age 17 who simplified millions of victims, and then quietly accused him of his face until Zach exposed it.

According to Zack, “Cameron Redman helped Sim exchange $37 million in 2020 when he was 17. It’s not a mention of his full name or photo on the internet until he posted after his involvement in Fishing/X Athos.

Redman fled with millions before police intervened.

The hack occurred on February 22, 2020, when Redman Sim traded early crypto investor Josh Jones to control his number. This caused him to bypass the security tied to Josh’s wallet. Redman has drained 1,547 Bitcoins and 60,000 Bitcoins of cash from two BTC wallets and one BCH address.

After theft, Redman began washing BCH through hundreds of small transactions and sent him into a central exchange to try and cover his truck. Zack posted the chart below showing how the stolen tokens moved across the blockchain.

Chart showing patterns in which Sim Swappers moved stolen tokens via blockchain | Source: TRM

By the time the police intervened, most of the money was already scattered.

Until November 17, 2021, Redman was officially billed by Hamilton Police in Ontario and was requested for backups from the FBI and the US Secret Service. The officers were able to seize $5.5 million in code, but the remaining $31.5 million – never recovered. At the time of his arrest, Redman was still a legal minor, so his name remained sealed and his photos were not published.

Zach said the secret is part of the matter. He believes that Redman’s identity should be made public once Redman’s identity has been transferred to X-account phishing and hijacking. These acquisitions reportedly caused millions of losses from followers who were tricked into trusting hacked NFT-related profiles and giving them wallet qualifications.

Sim Swapping is explosive and involves organized crime

Zack’s frustration is not about a single hacker. SIM swaps are growing rapidly, especially in 2024 and 2025. In the UK, cases jumping from 289 to 2,985 cases from the previous year have increased by 1,055%. In the US, the FBI recorded $68 million in SIM swap losses in 2021, with $48.8 million in 2023 from over 1,000 casualties and $82 million in 2024.

The damage was serious, and organized crime groups, including those tied to the Italian mafia, ended up using SIM swaps to stolen million dollars.

This method is low-tech, but powerful. Hackers steal enough personal information to trick mobile providers into handing over someone’s number through phishing, violations, or social media. Once they control it, they intercept the 2FA code sent from the SMS, lock the user out of their account and begin draining crypto wallets and bank accounts.

The outcome can be brutal. The victims have lost tens of thousands of people, face identity theft and are plagued by fraudulent debt. One of the UK saw £50,000 wiped out on different accounts. Another hit for £2,200 on a fake fee.

Even Jack Dorsey, the founder and former CEO of Twitter, used the tactic to take over the account in 2019. In 2018, one Crypto Investor lost $23.8 million to a similar SIM hack.

ESIM Tech reduces physical risk, but the issues have not been resolved as the actual weaknesses are still human error and social engineering. Tech experts say using authentication apps like Google Authenticator is safer than relying on SMS-based two-factor authentication.

I also suggest setting custom pins on the carrier, sharing them less online, and responding quickly if you suspect swap. This means freezing your account, contacting your carrier and looking at the transaction log. But even in all of that, criminals continue to adapt, and the system continues to adapt properly and properly.