AT&T Fails to Win Dismissal in $24 Million Crypto SIM-Swap Lawsuit
Crypto investor Michael Terpin has won an early victory in his attempt to sue AT&T over a SIM-swapping hack that lost a claimed $24 million.
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.
AT&T's motion to dismiss Michael Terpin's case was largely dismissed by a California court on Monday.
Another crypto executive is suing AT&T over a SIM swapping hack that he claims cost him $1.7 million in digital assets.
Terpin plans to distribute his letter to a major mobile industry conference.