Bitcoin Investor Sues AT&T For $224 Million in Alleged Crypto Fraud

While cryptocurrency scams and lawsuits are usually based on “exit-scams” and outright frauds, Michael Terpin, a U.S.-based cryptocurrency investor, has filed a mammoth $224 million lawsuit against his telecom operator, citing the theft of digital tokens. AT&T’s Identity Gamble As reported by Reuters, Aug. 15, Terpin is holding telecommunications giant AT&T liable for gross negligence and fraud after discovering crypto thefts from his account. Terpin first discovered the series of token thefts in January 2018 after his “digital identify” was stolen from his mobile phone provider. The entrepreneur further elaborated his sentiment in a 69-page complaint filing with the U.S. District Court in Los Angeles, stating that AT&T’s poor handling of sensitive customer records is responsible for the ordeal. Los Angeles-based law firm Greenberg Glusker is fighting the case on Terpin’s behalf and noted the investor’s phone number was promptly switched to an “international criminal gang” after the crypto

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