ChainCatcher reported that according to Cointelegraph, AT&T will once again face charges of failing to protect user information, as part of the summary judgment in its favor was overturned on appeal.
The case began in 2020 when crypto investor Michael Terpin sued a recent high school graduate, alleging he stole $24 million worth of Terpin’s cryptocurrency through a SIM swap that allowed Pinsky to bypass the two-factor authentication protecting one of Terpin’s crypto wallets.
In 2018, when Ellis Pinsky was just 15, he and his accomplices bribed an AT&T employee to transfer Terpin’s SIM card information to a blank card in their phones. The ensuing lengthy and complex legal battle earned Pinsky the nickname “Baby Al Capone” and embroiled him in a potentially groundbreaking case against AT&T.
According to Terpin's lead attorney, Pierce O'Donnell, Terpin will now seek "$24 million plus at least $14 million in interest and attorneys' fees, for a total claim of at least $45 million from AT&T."
