Another AT&T SIM Swapping Hack Targets Trio of Crypto Execs
Another crypto executive is suing AT&T over a SIM swapping hack that he claims cost him $1.7 million in digital assets.
Terpin claims he lost $24 million in crypto due to AT&T's negligence. The firm says he didn't read the company's policy documents.
AT&T's motion to dismiss Michael Terpin's case was largely dismissed by a California court on Monday.
AT&T has won a motion to dismiss a $200 million punitive damages claim from Mike Terpin, who lost $24 million in crypto via SIM hack
AT&T has again argued against allegations it was in part responsible for a SIM-swap hack that cost crypto exec Seth Shapiro $1.8 million.
The loss highlights an obvious question for security experts, who wondered why an experienced crypto executive would keep such high sums online.