AT&T Can't Skirt All Of Crypto Investor's $24M Hacking Suit

Law360 (February 25, 2020, 4:04 PM EST) -- AT&T escaped a prominent cryptocurrency investor's breach of contract and punitive damages claims in a suit accusing the phone company of failing to protect his personal data, but must face fraud and negligence claims, a California federal judge ruled Monday.

Investor Michael Terpin alleges AT&T allowed hackers to gain access to his cellphone by swapping, or reassigning, his SIM card to them. The hackers used information stored on the card to steal $24 million worth of cryptocurrency, according to the suit.

The phone company tried to ditch an amended version of the suit after shedding most claims last summer, arguing Terpin...

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