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Judge Denies AT&T Request for Dismissal in $224M SIM Swap Crypto Case

CryptocurrencyJul 23, 2019 04:41PM ET
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Judge Denies AT&T Request for Dismissal in $224M SIM Swap Crypto Case

The federal judge overseeing Terpin v. AT&T (NYSE:T) — a legal battle pertaining to stolen crypto via SIM-swapping that has been going on for almost a year — has denied the telecom giant’s motion for dismissal.

As previously reported by Cointelegraph, investor Michael Terpin had sued AT&T for $224 million. Terpin reportedly lost $24 million as a result of theft, and is seeking an additional $200 million in punitive damages. Terpin claims that he lost the foregoing assets in two hacks within seven months, due to the telecom provider’s alleged cooperation with the hacker and gross negligence.

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Judge Denies AT&T Request for Dismissal in $224M SIM Swap Crypto Case
 

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