Michael Terpin Urges FCC to Curb Crypto Fraud That Cost Him $24 Million
Terpin plans to distribute his letter to a major mobile industry conference.
AT&T's motion to dismiss Michael Terpin's case was largely dismissed by a California court on Monday.
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.
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.
The loss highlights an obvious question for security experts, who wondered why an experienced crypto executive would keep such high sums online.
Another crypto executive is suing AT&T over a SIM swapping hack that he claims cost him $1.7 million in digital assets.