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Telecom Major AT&T Sued After Man Loses $1.8 Million and Crypto Accounts

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Telecom Major AT&T Sued After Man Loses $1.8 Million and Crypto Accounts

Seth Shapiro, a resident of California, has sued the wireless service-provider AT&T by filing a complaint in which he alleged the company employees of fraudulently engaging in a SIM swap because of which an amount of $1.8 million was stolen from him. 

Mr. Shapiro, who filed his grievance on 17 October, is a ‘two time Emmy Award winner in the field of media and technology expertise, writer and an adjunct professor at the University Of Southern California School Of Cinematic Arts’. 

Alleged Fraud

According to the lawsuit filed by Mr. Shapiro, in May, between 16 and 18 of the month, AT&T employees obtained unauthorized access to his account (AT&T wireless account) and thus gained access to crucial personal and confidential information. The employees then allegedly shared the information with the hackers in exchange for money. The hackers, after pervading into Mr. Shapiro’s account, stole the big amount of $1.8 million. 

Crypto Accounts Compromised

The lawsuit filed by Mr. Shapiro also alleges that apart from the theft of $1.8 million, a number of his other accounts, including crypto accounts have been compromised seriously since the hackers are in full possession of his private details. According to the documents, the hackers have gained access and reset passwords for Mr. Shapiro’s accounts on crypto exchange platforms KuCoin, Bittrex, Wax, Coinbase, Huobi, Cryptopia, LiveCoin, HitBTC, Coss.io, Liqui, and Bitfinex. 

Not the First Time

However, this is not the first time that Mr. Shapiro has fallen victim to SIM swapping. His confidential details were leaked in the past as well. This is why Mr. Shapiro’s complaint against AT&T alleges it of ‘repeated failures to protect Mr. Shapiro’s account from unauthorized access’ and likewise calls it ‘a violation of federal law’.

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I am a content writer with interests in life sciences and blockchain. I believe that blockchain has the potential to transform every aspect of human endeavor. I love surfing the internet, reading, learning new things, and trying new cuisines.

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