[UK Man Assists in Stealing Nearly $265,000 in Crypto Assets, Sentenced to Two and a Half Years for SIM-Swap Fraud] According to Decrypt, 25-year-old Ajay Shinjin was sentenced to two and a half years in prison on October 8 by the City of London Police for his involvement in SIM-swap fraud, which facilitated the theft of nearly £200,000 (approximately $265,000) in crypto assets. He personally profited over £44,000 from the crime, which he spent on trips to Dubai, a luxury apartment, and gold-plated dental accessories. The group transferred victims' phone numbers to SIM cards under their control, intercepting SMS verification codes to access crypto accounts. Shinjin had previously pleaded guilty to conspiracy to commit fraud and transferring criminal proceeds.