Federal judge refuses to dismiss $224M lawsuit against AT&T for SIM-swap bungle

Jul23

by Sindy Cator on July 23, 2019 at 10:05 am

Posted In: Around the Web, blockchain, cryptocurrency, Hard Fork

A US federal judge has rejected AT&T‘s request to dismiss a $224 million lawsuit over a devastating SIM-swapping incident that led to $24 million in stolen cryptocurrency. A press release confirms the communications giant will face court over allegations it violated the Federal Communications Act, a consumer contract, as well as several other laws, when hackers assumed the identity (and telephone account) of cryptocurrency investor Michael Terpin in 2017. “Judge Wright strongly repudiated AT&T’s audacious bid to prevent [Terpin] from demonstrating to a jury the carrier’s contempt for consumers’ privacy and utter disregard of its legal obligations to prevent this very type…