A man made millions unlocking T-Mobile phones with stolen passwords

A jury has found Argishti Khudaverdyan, a former owner of a T-Mobile store, guilty of using stolen credentials to unlock “hundreds of thousands of cellphones” from August 2014 to June 2019 (via PCMag). According to a press release from the Department of Justice and an indictment filed earlier this year, Khudaverdyan made around $25 million from the scheme, which also involved bypassing carrier blocks put on lost or stolen cell phones.

For years, he reportedly used several tactics to acquire the T-Mobile employee credentials needed to unlock phones, including phishing, social engineering, and even getting the carrier’s IT department to reset higher-ups’ passwords, giving him access. The DOJ says he accessed over 50 employees’ credentials,...

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