The investor intends to sue the telecom operator for $ 224 million due to the hacking of his cryptocurrency account
US investor sues $ 224m against telecom giant AT&T due to alleged negligence that cost him $ 24 million in cryptocurrency, CNBC reports.
According to the channel, plaintiff Michael Turpin filed a 69-page lawsuit in Los Angeles County Court against his former telecommunications operator, in which he claimed the loss of $ 24 million in cryptocurrency due to “theft of digital identity” from an account on his mobile phone.
After the first hack, according to Turpin, “insider collaboration” allowed an attacker to gain access to his phone number without providing a password or correct credentials. According to CNBC, the phone number was later used to gain access to Turpin’s crypto-savings..
“What did AT&T – it was as if the hotel gave a room key and a room key with a safe to a thief with fake identification information, so that he could safely steal jewelry from the rightful owner, ”the lawsuit says..
According to Turpin, he wants to recover from the defendant $ 200 million in punishment and $ 24 million in compensation for actual damages..
The plaintiff is reportedly the co-founder of the bitcoin investor group BitAngels and the virtual currency fund BitAngels DApps Fund..
Recently, a US student was arrested on suspicion of stealing more than $ 5 million using a similar method..
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