Telecom Giant T-Mobile Ordered to Pay $33 Million for Crypto Theft Due to SIM Card Hack

avatar
PANews
03-30
This article is machine translated
Show original

PANews reported on March 30 that according to News.Bitcoin, law firm Greenberg Glusker announced that it has won a $33 million arbitration ruling against telecommunications giant T-Mobile, stating that this result is a key milestone in holding telecommunications operators accountable for cryptocurrency theft related to SIM card swapping. The arbitration panel found T-Mobile responsible for multiple security failures that enabled SIM card swapping attacks and led to cryptocurrency theft.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments