Cryptocurrency investor robbed via his cellphone sues AT&T for $224 million over loss | Crypto Craft

  • Cryptocurrency investor robbed via his cellphone sues AT&T for $224 million over loss

    From cnbc.com

    A U.S. investor filed a $224 million lawsuit against AT&T Wednesday accusing the telecommunications giant of negligence that allegedly caused the California resident to lose roughly $24 million in cryptocurrency. In a 69-page complaint filed with the U.S. District Court in Los Angeles, the plaintiff Michael Terpin claimed that because of "AT&T's willing cooperation with the hacker, gross negligence, violation of its statutory duties, and failure to adhere to its commitments in its Privacy Policy," he lost nearly $24 million worth of cryptocurrency. Terpin, who was using AT&T as his service provider, said the ... (full story)

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cryptocow
Aug 15, 2018 7:15pm
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The article does not get into specifics, but I'm guessing this guy got robbed because he:

a.) used SMS for his 2FA instead of a YubiKey or Authenticator-based multi-factor system
b.) stored his crypto in an online wallet
c.) reused his crypto wallet password across multiple sites (one of which must have been hacked)
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