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Cryptocurrency Theft Triggers $224M Lawsuit Against AT&T

Published 08/15/2018, 11:57 AM
Updated 08/15/2018, 01:00 PM
 Cryptocurrency Theft Triggers $224M Lawsuit Against AT&T

Michael Terpin, a US entrepreneur and crypto trader, filed on Wednesday a $224 million lawsuit against telecoms giant AT&T (NYSE:T), claiming that the company was engaged in fraud and negligence when tokens were stolen from Terpin’s personal account, Reuters reported. The investor, who filed the lawsuit with the US District Court in Los Angeles (LA), said in the document that three million tokens were stolen on January 7 this year via a “digital identity theft” of his mobile phone account, which is served by AT&T.

Terpin co-founded Bitcoin angel investor group BitAngels in 2013 and crypto fund BitAngels/Dapps Fund in 2014. Currently, he is a senior advisor to crypto...


This article appeared first on Cryptovest

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