AT&T Sued For $224M By Cryptocurrency Investor Who Lost A Fortune In Phone Hacks

Cryptocurrency investor Michael Terpin is understandably upset that he lost a combined $24 million in two different hacks of his phone over the course of seven months. Terpin alleges that the hacks were only possible because the hackers had an inside person at AT&T who provided access to Terpin’s account. And he’s suing the telecommunications giant for both the money he lost and $200 million in punitive damages. “The wheels of justice grind slowly, but we made really good-faith efforts to get a settlement out of court,” Terpin told Gizmodo this morning over the phone. “But we feel that AT&T is absolutely at fault here.”