Crypto Investor Law Firm Files Lawsuit Against AT&T and T-Mobile for Phone Hacks

Neutral Crypto Investor Law Firm Files Lawsuit Against AT&T and T-Mobile for Phone Hacks

Silver Miller, one of the leading law firms for cryptocurrency related cases in the US is now suing AT&T and T-Mobile for cell phone hacks that victimized cryptocurrency holders. The crypto investor law firm usually engages in cases related to Initial Coin Offering (ICO) frauds and crypto exchange disputes. Now, it is bringing the two communication companies to court, claiming on behalf of their customers for an emerging identity theft issue called " SIM swapping."

Why Are AT&T and T-Mobile Being Sued?

Silver Miller, on behalf of its customers, will now arbitrate a case that cellphone providers like AT&T and T-Mobile are leaving security protocols with loopholes that can be exploited to dupe customers. The lawsuit also suggests that by failing to train and adequately monitor their employees, these companies are complicit in identity theft through SIM cards where financial records and identity information of the victims is being compromised. Consequently, cryptocurrency holdings of the users are being stolen.

Millions Stolen in Sim Swap Cases

One of Silver Miller's clients, who held an AT&T account lost over $621,000 in crypto coins following a SIM swap. The client had previously been a victim of an attempted hack and AT&T had assured him of increased account security after the breach, but the perpetrators of the crime went ahead and stole the money anyway.

Two other victims being represented by Silver Miller have lost $400,000, and $250,000 respectively post a similar SIM swap hack on their T-Mobile accounts.

The growing number of SIM swaps is the latest nuisance in the telecom world that is affecting crypto users. In this incident, a hacker gets a duplicated SIM for an account and steals millions of dollars from the victims without them being involved in the situation. The hacker often poses as the victim, asks for assistance from a representative of the telecom carrier and steals money, financial information, personal information and digital assets from the victim's accounts.

Silver Miller is also encouraging other users who have lost money or cryptocurrency to a SIM swap incident to consult them for legal options without delay.

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A journalist and trader who enjoys writing, technical analysis and consulting. Viraj has been investing in stocks for more than eight years and involved in cryptocurrencies for over a year.

Viraj aims to share his knowledge on markets and cryptocurrencies in a clear, concise way.

11/09/2018 / 16:29:44 Source: blokt

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Latest comments:

4 min
Hey Sam, how is it going? But I must explain to you how all this mistaken idea of denouncing of a pleasure and praising pain was born
3 min
Pretty good. Doing my homework.. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because
2 min
Any chance to go out? To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage
2 min
.. Maybe 40-50 mins. I don't know exactly. On the other hand, we denounce with righteous indignation and dislike men who are so beguiled
1 min
Anyway sounds great! These cases are perfectly simple and easy to distinguish.