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Judge Rules Cryptocurrency Investor's Case Against AT&T For $24M Hack Can Continue
Summary: Michael Terpin, a cryptocurrency investor, is can continue with his case against mobile operator AT&T over his allegations that the firm was partially to blame for a SIM-swap hack that stole $24 million worth of holdings from him. In August 2018, Terpin initiated the case against AT&T accusing an employee, Jahlil Smith, of receiving bribes ...
Michael Terpin, a cryptocurrency investor, is can continue with his case against mobile operator AT&T over his allegations that the firm was partially to blame for a SIM-swap hack that stole $24 million worth of holdings from him.
In August 2018, Terpin initiated the case against AT&T accusing an employee, Jahlil Smith, of receiving bribes from a "criminal gang" to assist the fraud. Terpin also stated that while he was on telco's hotline trying to regain access to his phone, his cryptocurrencies were stolen by the gang.
On Monday, Judge Otis Wright II at the U.S. District Court in the Central District of California denied the most of AT&T's recent motion to dismiss the case.
By Roland James
Tags: AT&T,Hack,Michael Terpin,Sim Swap
Link: Judge Rules Cryptocurrency Investor's Case Against AT&T For $24M Hack Can Continue [Copy]
