Investor Sues AT&T for Cryptocurrency Theft Losses
September 5 2018A cryptocurrency investor who lost $24 million to theft through his ATT cell phone account has filed a lawsuit seeking $224 million from the communications firm. In the suit, Michael Terpin accuses ATT of “…willing cooperation with the hacker, gross negligence, violation of its statutory duties, and failure to adhere to its commitments in its Privacy Policy.”
Terpin, who has been hit by two attacks in seven months, says that the first attacker was aided by an ATT insider, who provided his account details to the thief. ATT disputes Terpin’s account and, in a statement, said that the company looks forward to presenting its case in court.
Terpin co-founded an angel group for bitcoin investors called BitAngels in 2013 and a digital currency fund, the BitAngels/Dapps Fund.
Read more here.
Black Hat Europe returns to London Dec 3-6 2018 with hands-on technical Trainings, cutting-edge Briefings, Arsenal open-source tool demonstrations, top-tier security solutions and service providers in the Business Hall. Click for information on the conference and to register.
Dark Reading’s Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio
Investor Sues AT&T for Cryptocurrency Theft Losses
September 5 2018A cryptocurrency investor who lost $24 million to theft through his ATT cell phone account has filed a lawsuit seeking $224 million from the communications firm. In the suit, Michael Terpin accuses ATT of “…willing cooperation with the hacker, gross negligence, violation of its statutory duties, and failure to adhere to its commitments in its Privacy Policy.”
Terpin, who has been hit by two attacks in seven months, says that the first attacker was aided by an ATT insider, who provided his account details to the thief. ATT disputes Terpin’s account and, in a statement, said that the company looks forward to presenting its case in court.
Terpin co-founded an angel group for bitcoin investors called BitAngels in 2013 and a digital currency fund, the BitAngels/Dapps Fund.
Read more here.
Black Hat Europe returns to London Dec 3-6 2018 with hands-on technical Trainings, cutting-edge Briefings, Arsenal open-source tool demonstrations, top-tier security solutions and service providers in the Business Hall. Click for information on the conference and to register.
Dark Reading’s Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio
