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Writer's pictureFahad H

California Man Sues AT&T Over Loss of $1.8M and Crypto Accounts


California resident Seth Shapiro has filed a lawsuit in opposition to wi-fi service big AT&T alleging that its staff helped to perpetrate a SIM-swap which resulted within the theft of over $1.eight million in whole, together with cryptocurrencies.

The grievance filed on Oct. 17 claims that Shapiro is “a two-time Emmy Award-winning media and technology expert, author, and adjunct professor at the University of Southern California School of Cinematic Arts.” The lawsuit alleges that between May 16 and May 18 AT&T staff transferred entry to Shapiro’s cell phone to outdoors hackers:

“AT&T employees obtained unauthorized access to Mr. Shapiro’s AT&T wireless account, viewed his confidential and proprietary personal information, and transferred control […] to a phone controlled by third-party hackers in exchange for money. […] The hackers then utilized their control over Mr. Shapiro’s AT&T wireless number […] to access his personal and digital finance accounts and steal more than $1.8 million.”

All accounts compromised

The doc states that these actions allowed the hackers to additionally entry Shapiro’s private accounts on a number of cryptocurrency exchanges:

“While third parties had control over Mr. Shapiro’s AT&T wireless number, they used that control to access and reset the passwords for Mr. Shapiro’s accounts on cryptocurrency exchange platforms including KuCoin, Bittrex, Wax, Coinbase, Huobi, Crytopia, LiveCoin, HitBTC, Coss.io, Liqui, and Bitfinex.”

The plaintiff additionally claims to be in possession of chat logs through which AT&T staff and hackers focus on how the stolen cash ought to be routed and brag about how a lot they took.

History repeating

Shapiro additionally claims that he fell sufferer to SIM-swapping a number of instances, due to this fact his private info and on-line accounts had been already leaked previously. The grievance states:

“AT&T’s Repeated Failures to Protect Mr. Shapiro’s Account from Unauthorized Access Are a Violation of Federal Law.”

More exactly, Shapiro alleges that AT&T is in violation of the Federal Communications Act for failing to guard the confidentiality of his account info. 

He additionally claims that the telecom big violated a number of California state’s legal guidelines, together with the Unfair Competition Law, the Constitutional Right to Privacy and the Consumers Legal Remedy Act. Lastly, Shapiro additionally accuses AT&T of two acts of negligence.

Notably, this isn’t the primary lawsuit in opposition to AT&T over SIM-swapping. As Cointelegraph reported on July 27, the federal decide overseeing the Terpin v. AT&T case dismissed the movement. At the time, this was the newest improvement in a authorized battle pertaining to cryptocurrencies stolen through SIM-swapping that has been happening for nearly a 12 months.


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