AT&T Archives - BlockTribune

Phone Numbers Are Security Weakpoint In Mobile Cryptocurrency

Entrepreneur Michael Terpin knew he had a problem when his AT&T phone went dead. He soon learned that there were bigger worries than a communications failure.

During the time his phone was out of commission, hackers managed to breach his cryptocurrency wallets and take more than three million tokens in native and staking wallets.

Crypto Entrepreneur Michael Terpin Sues AT&T For Role In Alleged Theft of 3 Million Tokens

Crime, News | August 15, 2018 By: Bruce Haring

Entrepreneur Michael Terpin has filed a $223.8 million lawsuit against AT&T, alleging 16 counts of fraud, gross negligence, invasion of privacy, unauthorized disclosure of confidential customer records, violation of a consent decree, failure to supervise its employees and investigate their criminal background, and related charges in US District Court in Los Angeles.