AT&T sued for negligence over cryptocurrency hack

AT&T sued for negligence over cryptocurrency hack

Terpin has also accused AT&T's staff members of being involved in a SIM swap fraud, which allowed the hackers to steal digital currency from his crypto wallet. A SIM card, or subscriber identification module, helps authenticate an individual's mobile phone. Such a scam involves fraudsters convincing a mobile phone provider to switch a user's phone number to another SIM card which is under their control. Supposedly, the phone number was used later on to access the cryptocurrency holdings of Terpin.

Terpin says he was a prime target because of his "publicized involvement in cryptocurrency enterprises".

In an emailed response, an AT&T spokesman said: "We dispute these allegations and look forward to presenting our case in court".

"What AT&T did was like a hotel giving a thief with a fake ID a room key and a key to the room safe to steal jewelry in the safe from the rightful owner", the 65-page court document reads.

He declined to elaborate on the company's objections to the allegations.

B.C. declares state of emergency over wildfires
The declaration is in effect for two weeks from the time it is issued and may be extended or rescinded as the situation develops. Another 48 evacuation alerts means another 18,720 people should be prepared to evacuate at a moment's notice if the fires spread.

The complaint seeks to paint a picture of corruption and negligence on behalf of the prominent telecommunications company, which he alleges has "become too big to care".

AT&T was his service provider, which could not shield the data in his cellphone and that led to a "digital identity theft" as hackers swiped $24 million in cryptocurrencies from his account. Although it appears to have failed to implement its own security requirements - if we take Terpin's account of the theft to be entirely accurate - AT&T's lawyers will no doubt argue that it can not be held responsible for everything that happens subsequently.

Michael Terpin is suing the phone giant [PDF] for the value of the three million electronic coins plus $216m in punitive damages after he claims an AT&T employee at a store in CT agreed, in person, to transfer his personal phone number to a new SIM card, despite the account having "high risk" protection following an earlier hacking effort.

The complaint also stated that this was not the first time that Terpin's account was hacked.

Terpin co-founded the first angel group for bitcoin investors, BitAngels, in early 2013, and the first digital currency fund, the BitAngels/Dapps Fund, in March 2014.

Related News:

  • Khalid Says Aretha Franklin

    Khalid Says Aretha Franklin "Deserves" Title As Queen Of Soul

    Stevie Wonder visited the Queen of Soul on Tuesday according to her longtime publicist Gwendolyn Quinn confirmed to Us Weekly . The soul singer had been battling health problems for years. "This show is dedicated to Aretha Franklin ", Beyoncé said.
    Arsenal's Cech in social media spat with Bayer Leverkusen

    Arsenal's Cech in social media spat with Bayer Leverkusen

    But the Czech stopper looked nervy when trying to play out from the back as Emery wants and nearly conceded a comical own goal. But Emery looks set to start Cech against his former side Chelsea in Saturday's blockbuster clash.
    Aerosmith to launch residency in Las Vegas next year

    Aerosmith to launch residency in Las Vegas next year

    Joey Cramer, the drummer, said the concert will showcase the nearly "50 years of being together", and fans, as soon as they enter the Park Theater, will feel some of that history.
  • Dozens overdosed in one Connecticut park in one day

    The incident comes in the wake of a new report that found a record 72,000 Americans died of overdoses in 2017. Police respond to the scene of multiple overdoses at a Connecticut-area park on Wed., Aug. 15, 2018.
    E-cigarettes 'more harmful than we think'

    E-cigarettes 'more harmful than we think'

    Those responsible for the study said that their results urge "caution against the widely held opinion that e-cigarettes are safe". An independent review of the latest evidence on e-cigarettes was published by Public Health England in February.
    La Liga confirms landmark Facebook rights deal in India

    La Liga confirms landmark Facebook rights deal in India

    Apart from the live matches, shoulder programming, including weekly preview shows and highlights, will also be showcased. For major matches, viewers can see interactive studio coverage hosted by Joe Morrison.
  • Spanish league planning regular-season match in US

    Spanish league planning regular-season match in US

    A Spanish top-flight game will be played in the U.S. , the first time a La Liga match has taken place overseas. The first US -based La Liga game (s) will take place as early as this season .
    NSW bushfires: very high fire danger as damaging winds forecast

    NSW bushfires: very high fire danger as damaging winds forecast

    Four firefighters were injured while battling a blaze in Caparra near Taree on Wednesday night, when the truck rolled down a hill. Emergency crews in Australia are battling unseasonal bushfires which have erupted across drought-stricken New South Wales (NSW).
    These are the HTC phones getting a slice of Android 9 Pie

    These are the HTC phones getting a slice of Android 9 Pie

    The company will apparently roll out the Android Pie update for six smartphone models between September and November. But among all, the change in call recording in Android Smartphone has caught the eyeballs of Android app developers.
  • United Kingdom  unemployment rate falls unexpectedly to 4.0% | 14 August 2018

    United Kingdom unemployment rate falls unexpectedly to 4.0% | 14 August 2018

    The region's employment rate was 78.7%, 0.5% higher than the period from January to March, with almost 3.1 million people in work. However, Suren Thiru, head of economics at the British Chambers of Commerce, said this now looked to have been a premature move.

    Turkish lira rebounds after Qatar pledges $15 billion

    Investors are anxious that about Erdogan's control over the central bank and his pressure to keep it from raising interest rates. Kalin called on the United States to respect legal process in Turkey in reference to the American pastor's continued detention.
    Turkey's president threatens boycott of iPhones, other USA  electronics

    Turkey's president threatens boycott of iPhones, other USA electronics

    Erdogan admitted that his country had problems such as a widening current account deficit and inflation of nearly 16 percent. Crude oil prices felt pressure from a stronger dollar, which increases the cost burden on non-U.S. buyers of commodities.


Most liked

Rooney strikes twice as DC down Portland 4-1
But the game turned after he almost scored again two minutes later, with Bill Hamid came out of his area to deny a header. Rooney cancelled out Samuel Armenteros' opener with a well-taken goal two minutes before half-time in the capital midweek.

Soul legend Aretha Franklin dies aged 76
Just days ago, a source told PEOPLE that Franklin had taken a turn for the worse and that her death was "imminent". Franklin's publicist Gwendolyn Quinn has confirmed she died Thursday morning August 16 of pancreatic cancer.

Indian rupee printed by Chinese firm? Government rubbishes report
Party MP Shashi Tharoor also tweeted that if the report was true, it would have "disturbing national security implications". Many countries such as Denmark prefer to outsource the printing of their currency due to the cost involved.

Gunmen attack intelligence service centre in Afghan capital
"Clashes are ongoing and the area is cordoned off by the Afghan security forces", said Kabul police spokesman Hashmat Stanikzai.

Bolton meets Turkish ambassador amid Brunson deadlock
Turkish authorities moved Brunson to house arrest after the pastor spent more than a year in jail awaiting the result of a trial. Trump doubled tariffs on Turkish steel and aluminum imports last week, contributing to a precipitous fall in the lira.

With Iran, Turkey we defeated terrorists in Syria: Lavrov
President Donald Trump authorized a 20 and 50 percent tariff hike on imported Turkish aluminum and steel, respectively. The summit focusing on Syria and the wider region will be held in Istanbul on September 7.

A year after 'horrible' groping trial, Taylor Swift gets emotional
Swift countersued for $1 symbolically, a dollar she hasn't received as of the TIME cover piece she was on. She said she's sorry that not all victims are believed.

Sara Ali Khan makes her Instagram debut
On the work front, the actress has Abhishek Kapoor's film " Kedarnath " and Rohit Shetty's movie " Simmba ". Kareena however, shined in a black lace top and paired it with flared grey trousers .

Josh Allen responds to Jalen Ramsey's comments, which included calling Allen 'trash'
When Ramsey critiqued an Allen highlight on Twitter in May by saying Allen was a "pick waiting to happen", Allen shrugged it off. Wilbon basically said that Ramsey hadn't done anything and shouldn't talk because of how disposable cornerbacks are.

US Condemns Turkey's New 'Regrettable' Tariffs
Ankara said it will impose extra tariffs on imports of products including rice, vehicles, alcohol, coal and cosmetics. The currency drop is particularly painful for Turkey because it has accumulated a high debt in foreign currencies.

Former staff claims Melania can't wait to divorce Donald Trump
According to a former White House staff, Melania Trump is counting down until she can divorce President Donald Trump . Trump has come under fire previously for using derogatory terms to refer to women and African Americans.

Motorola P30 announced with Face Unlock, AI dual rear cameras and more
Coming to the pricing, the Motorola P30 with 64GB and 128GB of internal storage is priced at 2099 Yuan and 2499 Yuan respectively. Motorola on Wednesday officially joined the notch bandwagon after announcing its very first notched phone at an event in China.

Survivors describe Italy bridge collapse
As cars and trucks tumbled off the bridge, Afifi Idriss, 39, a Morrocan lorry driver, just managed to come to a halt in time. Matteo Salvini suggested that European Union fiscal rules were to blame for Tuesday's deadly bridge collapse.

Nicki Minaj accused of stabbing ex-boyfriend Safaree Samuels
The lyrics go: 'I could tell you lying, get the fuck out, don't yell at me/ I ain't mean to cut you I ain't wanna catch a felony'. The more you know! It fell back out because God don't like ugly! We both didn't trust each other.

Danny Cipriani arrested and charged by police after incident at nightclub
The 30-year-old is also charged with resisting arrest , common assault, larceny, and being disorderly on licensed premises. The 30-year-old fly-half was on the island with his club Gloucester for a training camp with Jersey Reds .