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27 September 2020

Judge Dismisses $200M Damages Claim in SIM-Swap Crypto Lawsuit Against AT&T | News Bitcoin News

Judge Dismisses $200M Damages Claim in SIM-Swap Crypto Lawsuit Against AT&T | News Bitcoin News


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According to a report, Terpin accused the telecoms giant of “allowing hackers to swap his SIM card, in what appears to be an elaborate scheme by fraudsters.” Terpin, a crypto entrepreneur, also claims that AT&T’s lax security “allowed hackers to enter his wireless account and steal crypto coins worth roughly $24 million.”?

For its part, AT&T argues “that it is not responsible for a series of recent SIM-swapping complaints.” Still, the telecom giant details the security thresholds it applied specifically to Terpin’s account and they include placing the “account on a higher security level with special protection.”.

According to AT&T, this security threshold “included requiring a six-digit passcode (known only to Terpin and his wife) of anyone attempting to access or change his account settings or transfer his telephone number to another phone.”.

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