While members of the crypto community are doubtful the lawsuit against Coinbase will be successful, it has sparked a conversation about the issues with SMS 2FA.
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While members of the crypto community are doubtful the lawsuit against Coinbase will be successful, it has sparked a conversation about the issues with SMS 2FA.
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A California judge has dismissed the $200 million in damages claim against the telecom giant AT&T for alleged negligence and fraud. The judge still ruled the telecom company had to answer the lawsuit by Michael Terpin for enabling the theft of $24 million worth of his cryptocurrency after a company agent gave his sim card […]
The post Judge Dismisses $200M Damages Claim in SIM-Swap Crypto Lawsuit Against AT&T appeared first on Bitcoin News.
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It appears that the number of SIM swapping attacks continues to rise. This trend is particularly evident in the cryptocurrency space. On Reddit, a new post regarding a SIM Swapping attack has surfaced this week. The SIM Swapping Saga Continues In the post, the user explains how he was targeted, yet seemingly managed to not lose any funds in the process. It is still too early to say for sure, as not all of these attacks result in immediate loss of money. In the span of a few minutes, the individual received numerous worrisome text messages. He was informed as
The post Reddit User Gets Through a SIM Swapping Attack Without Extensive Losses appeared first on The Merkle Hash.
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Joel Ortiz, a college student who allegedly stole cryptocurrency worth over $5 million, has pleaded guilty and accepted a 10-year prison sentence. Ortiz was arrested last year and accused of hijacking the phone numbers of around 40 people. He is now the first person to be sentenced for the crime, commonly known as SIM swapping. […]
The post Crypto-Stealing SIM Swapper Pleads Guilty, Gets 10 Years in Prison appeared first on Bitcoin News.
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The plaintiff in a $224M lawsuit against wireless carrier AT&T has turned his attention to a new target. Michael Terpin’s legal team have filed a second suit, this time against 21-year-old Nicholas Truglia, dubbed the “bitcoin bandit” by the New York press. The Manhattan resident, who was arrested on unrelated SIM-swapping charges in November, now […]
The post Plaintiff in AT&T SIM-Swapping Case Sues ‘Bitcoin Bandit’ for $81M appeared first on Bitcoin News.
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