### AT&T is in trouble again! Crypto investor Michael Terpin claims $45 million

Hello everyone, today we are going to talk about a jaw-dropping cryptocurrency story! 📱💸

According to BlockBeats, on October 3, Cointelegraph reported a striking case: AT&T is once again facing charges of failing to protect user information. The cause of this case can be traced back to 2020, when crypto investor Michael Terpin sued a high school graduate, accusing him of stealing Terpin's $24 million worth of cryptocurrency through SIM card swapping.

### SIM card swapping: hacker's "magic operation"

One of the protagonists of the case is Ellis Pinsky, a young man who showed his "hacker genius" when he was only 15 years old in 2018. He and his accomplices bribed an AT&T employee to transfer Terpin's SIM card information to a blank card on their mobile phones. In this way, they bypassed the two-factor authentication that protected Terpin's crypto wallet and successfully stole a huge amount of cryptocurrency.

### Legal battle: long and complicated

Not only did this case earn Pinsky the nickname "Baby Al Capone," it also embroiled him in a long and complicated legal battle. Initially, a partial summary judgment was granted in favor of AT&T, but it was overturned on appeal. Now, Terpin's lead attorney, Pierce O'Donnell, says Terpin will seek "$24 million plus at least $14 million in interest and attorney fees, for a total of at least $45 million from AT&T."

### Market reaction: neutral

How does the market react to this case? We remain neutral. Although AT&T faces a huge claim, it also reminds us of the importance of security measures in cryptocurrency transactions. Whether it is individual users or large companies, they need to strengthen information protection to avoid similar incidents.

### What do you think?

This case not only reveals the risks in the cryptocurrency world, but also sparks a wide-ranging discussion about information security. What do you think of this case? Do you think AT&T should bear all the responsibility? Welcome to share your views and opinions in the comment section, let's discuss this interesting topic together!

I hope you like today's sharing, and I look forward to seeing your wonderful comments in the comment section!😊