Cryptocurrency Theft Triggers $224M Lawsuit Against AT&T
Cryptovest
Published Aug 15, 2018 11:57AM ET
Updated Aug 15, 2018 01:00PM ET
Cryptocurrency Theft Triggers $224M Lawsuit Against AT&T
Michael Terpin, a US entrepreneur and crypto trader, filed on Wednesday a $224 million lawsuit against telecoms giant AT&T (NYSE:T), claiming that the company was engaged in fraud and negligence when tokens were stolen from Terpin’s personal account, Reuters reported . The investor, who filed the lawsuit with the US District Court in Los Angeles (LA), said in the document that three million tokens were stolen on January 7 this year via a “digital identity theft” of his mobile phone account, which is served by AT&T.
Terpin co-founded Bitcoin angel investor group BitAngels in 2013 and crypto fund BitAngels/Dapps Fund in 2014. Currently, he is a senior advisor to crypto...
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