Court says AT&T SIM hack plaintiff's $24M crypto loss not result of security lapse, must amend suit

Quick Take

  • A cell phone user is suing provider AT&T for failing to secure his SIM card from hackers, allegedly resulting in a loss of crypto funds
  • The plaintiff said hackers stole $24 million worth of crypto over two days by changing his password remotely after repeatedly failing to change it in stores
  • The Court found that the plaintiff failed to prove how the flaws in AT&Ts security caused the theft and now has a period to amend his suit

Disclaimer: These summaries are provided for educational purposes only by Nelson Rosario and Stephen Palley. They are not legal advice. These are our opinions only, aren’t authorized by any past, present or future client or employer. Also we might change our minds. We contain multitudes.

As always, Rosario summaries are “NMR” and Palley summaries are “SDP".

[related id=1] Terpin v. AT&T Mobility, LLC, 2019 U.S. Dist. LEXIS 121905 (D. C.D.Cal., 2:18-cv-06975-ODW, 7/19/2019) [SDP]

The Block is pleased to bring you expert cryptocurrency legal analysis courtesy of Stephen Palley (@stephendpalley) and Nelson M. Rosario (@nelsonmrosario). They summarize three cryptocurrency-related cases on a weekly basis and have given The Block permission to republish their commentary and analysis in full. Part I of this week's analysis, Crypto Caselaw Minute, is above.

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Sep 22, 2021, 2:30AM UTC