T-Mobile Accused Of Allowing $8.7M Crypto Co. Hack
Law360 (July 22, 2020, 4:52 PM EDT) -- Cryptocurrency venture Veritaseum Inc. and its founder Reginald Middleton hit T-Mobile with a negligence suit in New York federal court Tuesday over the phone service's alleged failure to protect Middleton's personal data, which he said allowed a hacker to steal $8.7 million in cryptocurrency.
Middleton contends that in July 2017, T-Mobile let an unknown hacker conduct an unauthorized SIM swap, in which control of Middleton's phone number and related personal and financial details were handed to the hacker, who then used that information to access Middleton's cryptocurrency wallets and exchange accounts.
According to the suit, Middleton reported the SIM swap to...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!