AT&T Sued for $224 Million After Phone Hackers Rob Crypto Investor
Michael Terpin is suing AT&T, claiming the company's failure to protect his cellphone data led to hackers stealing $24 million in cryptocurrencies.
AT&T's motion to dismiss Michael Terpin's case was largely dismissed by a California court on Monday.
Gregg Bennett had never heard of SIM swapping before. Then, one night in April, he learned in the worst way one can.
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.
Terpin plans to distribute his letter to a major mobile industry conference.
Michael Terpin is a serial entrepreneur in marketing and cryptocurrency. His bitcoin endeavors include BitAngels, Bitcoin Syndicate and CoinAgenda. In this article, he looks back on his journey in the bitcoin industry since he first got involved in May 2013. It’s been a little over 16 months since I first set foot in my first […]