AT&T Customer Revives Suit Over $24 Million Cryptocurrency Hack

An AT&T Mobility customer’s lawsuit over $24 million in cryptocurrency losses he sustained after the company allegedly allowed hackers to gain control of his phone number—and with it his crypto accounts—was revived by a federal appeals court Monday.

Plaintiff Michael Terpin’s claims under the Federal Communications Act survived dismissal because he raised a triable issue over whether AT&T gave a hacker access to information protected by the act when it enabled the hacker to carry out a “SIM swap” involving Terpin’s phone number, the US Court of Appeals for the Ninth Circuit said.

A jury could find that that ...