AT&T Off the Hook in $24M Crypto Sim Swap Case | Crypto Craft

  • AT&T Off the Hook in $24M Crypto Sim Swap Case

    From blockworks.co

    AT&T has emerged victorious in a lawsuit filed by prominent crypto investor, Michael Terpin, nearly six years ago over his loss of millions in digital assets following a SIM-swapping hack. A filing from the Central District Court of California shows AT&T’s motion for Summary Judgment was granted last week, meaning the judge ruled in favor of the telecommunications giant without the need to go to trial. Judge Hon. Otis D. Wright II, overseeing the case, has determined that there is no evidence to support Terpin’s claims against AT&T which is now let off the hook for losses and damages. In mid-2017, hackers ... (full story)

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Goat
Apr 4, 2023 1:02pm
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Sim swaps are scaaarrryyyy. They're the achilles heel of 2FA as it stands. The staff at Verizon/Tmobile/AT&T stores are the only people standing between you and a huge mess.

Read this.
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