A judge in California has dismissed a case for damages against telecoms giant AT&T over its alleged role in a SIM-swap scam.
AT&T hasn’t stopped fighting a SIM-swap lawsuit filed by an investor who lost $1.9m. In its latest effort, it claimed that there was no breach of social norms.
A California judge has rejected a bid by AT&T to dismiss a lawsuit by a digital currency investor who alleges that the firm was negligent in a SIM swap incident.
Michael Terpin, a digital currency investor claims that the teenager was the leader of a cybercrime ring that stole millions from him through SIM swapping.
The telecoms giant has requested the dismissal of an outstanding claim for $200 million in punitive damages.
Michael Terpin has been attempting to bring the action against AT&T for its alleged liability in a SIM-swap hack.
An alleged SIM swapper purportedly used the proceeds from stolen crypto to buy royalties to rap music, fancy cars and gold jewelry, court documents show.
Mobile network AT&T intends to defend allegations made by a customer regarding its alleged role in a SIM swap scam.
AT&T is at the center of yet another SIM swap incident and this time, the victim lost $1.8M in crypto from several exchanges.
A California man claimed AT&T employees helped to swap the SIM card in his phone to perpetuate the theft of his cryptocurrencies valued at $1.8 million.
Investor Michael Terpin lost a reported $24 million when AT&T gave unwarranted access to a SIM card he owned to hackers.