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AT&T faces $224 million lawsuit over cryptocurrency theft
Cryptocurrency investor Michael Terpin has filed a lawsuit against AT&T, claiming that the company's negligence led him to be robbed of nearly $24 million worth of cryptocurrency. Terpin alleges that in January, while AT&T was his service provider, three million tokens were taken from him through a "digital identity theft" of his cellphone account, according to Reuters. In the 69-page complaint filed with the US District Court in Los Angeles, Terpin says, "AT&T's willing cooperation with the hacker, gross negligence, violation of its statutory duties and failure to adhere to its commitments in its privacy policy," enabled the theft.
