AT&T Once Again Sued Over SIM-Swapping Cryptocurrency Theft

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  • The popular US cellular network AT&T sued for the second time over the alleged SIM-swapping case.
  • Per sources, Shapiro’s claim involves $1.9 million of theft. Along with the compromise of his personal and financial information when he was in New York.
  • Shapiro’s claim follows the footsteps of Michael Terpin’s case who sued AT&T in 2018 for almost the same purpose.

The popular US cellular network AT&T sued for the second time over the alleged SIM-swapping case. The plaintiff, who is also an advisor in business and technology, Seth Shapiro recently claimed that AT&T has mishandled his number transfer. That made him lose his life savings of around $1.9 million in cryptocurrency.

The claim involves millions of cryptocurrency theft

Per sources, Shapiro’s claim involves $1.9 million of theft. Along with the compromise of his personal and financial information when he was in New York. Meanwhile, the accounts linked to his phone number on crypto trading platforms such as KuCoin, Bitfinex, Coinbase, and HitBTC were allegedly compromised.

Shapiro’s claim follows the footsteps of Michael Terpin’s case. Who sued AT&T in 2018 for almost the same purpose.

However, Terpin’s case was allowed by the court to proceed further but Shapiro is still battling to get his legal challenge at its first stage. Also, received approval by the judge for trial.

Besides this, SIM swapping attacks is one of the popular scams of reaping funds from the victims. Usually, it includes social engineering techniques. For example, the attacker impersonates as a victim and by utilizing previously stolen information to support their case.

Two AT&T employees charged under criminal investigation

Shapiro is a technology advisor who has worked in significant companies such as Disney and Showtime. Moreover, two employees of AT&T were charged in this issue alleging they have assisted the crooks to shift Shapiro’s contact number.

But, Shapiro is looking for his money back by suing AT&T for an egregious violation of the law. Interestingly, just like the Terpin case, AT&T allegedly notified Shapiro it would set up special precautionary measures to avoid any SIM hijackings.

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