Man sues AT&T after hackers stole $24 million in cryptocurrency

Crypto News

If you happen to be a victim of crypto theft, the sad reality is that there's typically not much you can do. That being the case, it's not terribly surprising that a prominent crypto investor who lost nearly $24 million in stolen tokens is suing AT&T for a whopping $224 million. According to a report from CNBC, Michael Terpin is suing AT&T for "gross negligence, violation of its statutory duties, and failure to adhere to its commitments in its Privacy Policy" after hackers in January of 2018 managed to take control over his phone number.

As to the particulars of what happened, Terpin's complaint lays out how he was the victim of digital identity theft when someone managed to take control over his phone number without having to provide the requisite forms of identification. With possession of the number in tow, the hackers ultimately managed to access his cryptocurrency accounts and wipe them clean.

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Man sues AT&T after hackers stole $24 million in cryptocurrency originally appeared on on Wed, 15 Aug 2018 at 18:40:39 EDT. Please see our terms for use of feeds.

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