AT&T Sued For Cellphone Hack That Led To $24 Million Cryptocurrency Theft

(August 17, 2018, 8:45 AM EDT) -- LOS ANGELES — A cryptocurrency investor sued AT&T Inc. in California federal court Aug. 15, faulting the company for lax security measures that allowed hackers to gain control of his phone, via a method known as SIM swap, ultimately resulting in the theft of almost $24 million in cryptocurrency (Michael Terpin v. AT&T Inc., et al., No. 2:18-cv-06975, C.D. Calif.)....