Former telecom manager admits to doing SIM swaps for $1,000

For carrying the unauthorized number porting, Katz received $1,000 in Bitcoin per SIM swap (total of $5,000), plus an (unspecified) percentage of the profits earned from the illicit access to the victims' devices.

For his actions, Katz faces a statutory maximum of five years in prison and a fine of up to $250,000 or twice the financial gain or loss from the crime