AT&T Responds to Crypto Exec’s SIM Swap Suit: See You in Court
The loss highlights an obvious question for security experts, who wondered why an experienced crypto executive would keep such high sums online.
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.
Democrat lawmakers are demanding that the FCC takes action to tackle the rise in SIM swapping attacks.
AT&T's motion to dismiss Michael Terpin's case was largely dismissed by a California court on Monday.
Court documents allege that Pennsylvania resident Anthony Faulk hijacked a crypto company executive's phone, stealing crypto and using the proceeds for an expensive watch, music royalties, jewelry and a house.
The FBI has arrested two individuals on charges of stealing and attempting to steal $550,000 in cryptocurrency by SIM swapping 10 victims.