Court Revives AT&T SIM Swap Lawsuit Over $24M Crypto Theft

Key Points:

• Court revives Terpin’s $24M AT&T SIM swap case, holding AT&T liable under Section 222.

The court revived the AT&T SIM swap case over the $24M crypto theft, with Terpin seeking $45M. The Ninth Circuit upheld the claim under Section 222 of the FCA.

AT&T Faces New Legal Battle Over SIM Swap Crypto Theft

AT&T is headed back to court following an appeals panel’s revival of partial claims in a $24M SIM-swap crypto theft case. Terpin said the operator had failed to protect his SIM card information.

The claims against AT&T after winning its motion for partial dismissal means it remains liable under Section 222 of the Federal Communications Act. Terpin is seeking $45 million in damages.

Read more: PayPal, Venmo Add Ethereum Name Service for Simplified Transactions

Michael Terpin’s $24M AT&T SIM Swap Case Against AT&T Revived

A class-action suit filed against AT&T by Michael Terpin, a crypto investor who experienced a $24M crypto theft through SIM swapping, finally gets in motion. Currently, only three of the initial 16 charges filed by Terpin remain in this particular case.

The Ninth Circuit held that Terpin’s state law claim under Section 222 survives because the FCA protects SIM card information to set some legal precedent for SIM swaps.