In a lawsuit filed Aug. 15 in the U.S. District Court in Los Angeles, cryptocurrency investor Michael Terpin accuses AT&T of fraud, negligence and other actions that allegedly allowed thieves to access Terpin’s device and, subsequently, cryptocurrency reportedly valued at $23.8 million. For the loss and punitive damages, Terpin wants $223.8 million.
Terpin says he’s the victim of what’s called SIM swap fraud wherein a thief represents themselves as a mobile subscription holder.
