U.S. Law Firm Files Claims Against AT&T, T-Mobile Over SIM Swap-Enabled Crypto Thefts


U.S. crypto investor law firm Silver Miller has filed arbitration claims against telecoms giants AT&T and T-Mobile on behalf of crypto holders who suffered thefts due to “SIM-swaps.”

 

U.S. crypto investor law firm Silver Miller has filed arbitration claims against telecoms giants AT&T and T-Mobile for “SIM-swap”-related thefts, according to a press release published Nov. 8

SIM-swapping – also known as a ‘port-out scam’ – involves the theft of a cell phone number in order to hijack online financial and social media accounts, enabled by the fact that many firms  use automated messages or phone calls to handle customer authentication.

According to one of the (partially redacted) Silver Miller Statement of Claim documents – filed against AT&T on behalf of crypto holders who allegedly suffered thefts via sim-swapping – the Dallas-based telecoms “behemoth” had operating revenues of over $160 billion and…



Read Full Story : Cointelegraph.com News

2018-11-09 15:40:00

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