Court acquits AT&T in $24m sim swap hack case

atnt sim swap hack caseatnt sim swap hack case


Share link:

In this post:

The Federal court has acquitted AT&T in twenty-four million dollars ($24m) sim swap hack case. The case was filed by the victim of the hack Michael Terpin.

Federal Judge Otis Wright II had initially accepted the Terpin’s two hundred and twenty-four million dollars ($224M) petition against the telco giant in public interest.

However, the case has been dismissed largely on lack of evidence where the reports claim that Terpin failed to prove that AT&T was directly responsible for the sim hack. The access to information telco giant provided to Terpin’s phone number was not directly linked to the twenty-four million ($24m).

However, lawyers explain that the case would go on after an amended pleading that would properly make the connection.

Further to that the current set back provides AT&T a cushion since the hack was carried out by third-party hackers and whether or not AT&T would use it in their defense.

Experts also expressed their surprise that such a huge amount on a single exchange account was protected, however, the phone was compromised.

Terpin is building his case with the argument that AT&T must have been diligent on their part and the access provided to the information enabled the hackers to steal his money stored in cryptocurrency.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Share link:

Most read

Loading Most Read articles...

Stay on top of crypto news, get daily updates in your inbox

Related News

Hong Kong legislator seeks global insights in making it a web3 hub
Subscribe to CryptoPolitan