The Underground Market for Your Old Phone Number

35 million US numbers get recycled yearly, with 66% still linked to banking and social media accounts

Al Landes Avatar
Al Landes Avatar

By

Our editorial process is built on human expertise, ensuring that every article is reliable and trustworthy. AI helps us shape our content to be as accurate and engaging as possible.
Learn more about our commitment to integrity in our Code of Ethics.

Image credit: Wikimedia

Key Takeaways

Key Takeaways

  • Thirty-five million phone numbers cycle annually through recycling systems exploited by cybercriminals
  • Princeton found 66% of recycled numbers remain linked to previous owners’ online accounts
  • FBI reports 400% spike in SIM swap attacks using recycled numbers as entry points

Thirty-five million phone numbers change hands annually in the U.S.—roughly 10% of all active numbers cycling through an underground economy that treats your digital identity like cryptocurrency. When you switch carriers or let a line go dormant, that number doesn’t disappear into the telecommunications ether.

It gets recycled, and with it comes a treasure trove of lingering digital connections that cybercriminals harvest with surgical precision.

The 45-Day Loophole

Carriers observe a mandatory cooling-off period, but your digital footprint stays warm.

After deactivation, U.S. carriers must wait at least 45 days before reassigning your old number. Problem is, nobody’s required to scrub the digital associations that accumulated over years of use.

Your banking alerts, social media recovery codes, and two-factor authentication links remain active, creating what security researchers call “digital orphans”—accounts tethered to numbers their owners no longer control. Princeton University found 66% of recycled numbers were still linked to online accounts, making them prime targets for takeover attempts.

Mining Digital Gold

Professional scammers monitor new number releases like day traders watching stock tickers.

Cybercriminals don’t stumble onto valuable recycled numbers by accident. They systematically monitor telecom databases and purchase promising digits through legitimate channels, then exploit the account access that comes bundled.

The FBI reported a 400% spike in SIM swap attacks between 2020 and 2024, with recycled numbers serving as entry points. Meanwhile, the Consumer Financial Protection Bureau documented a 35% increase in credit fraud linked to recycled numbers from 2019 to 2021. These aren’t opportunistic crimes—they’re calculated investments in someone else’s digital identity.

The Booming Second-Hand Risk

Used phone sales hit 208 million devices in 2024, amplifying the vulnerability window.

The explosion in second-hand phone trading—driven by supply chain constraints and sustainability concerns—has turbo-charged this underground market. Each device potentially carries SIM history and residual account access, yet the resale ecosystem operates with minimal oversight around digital hygiene.

When you sell that old iPhone, you’re not just transferring hardware; you might be handing over the keys to your digital kingdom.

“The phone number is now the weakest link in personal digital identity,” according to security analysts at Telesign. Your SMS-based two-factor authentication suddenly looks less like protection and more like an invitation. Time to rethink those security settings before your old number becomes someone else’s master key.

Share this

At Gadget Review, our guides, reviews, and news are driven by thorough human expertise and use our Trust Rating system and the True Score. AI assists in refining our editorial process, ensuring that every article is engaging, clear and succinct. See how we write our content here →