Crypto Exec’s $1.8M SIM-Swap Lawsuit Full of ‘Critical Holes,’ Says AT&T – CoinDesk

Crypto Exec’s $1.8M SIM-Swap Lawsuit Has ‘Critical Holes,’ Says AT&T – CoinDesk

AT&T says a lawsuit over a $1.8 million crypto hack fails to show how the U.S. telecom giant was responsible. The case, brought by VideoCoin’s head of strategy, Seth Shapiro, in October, alleges that, in 2018, AT&T employees were responsible for transferring control of his phone number to hackers, who used it as part of a SIM-swap scam that drained his exchange accounts of more than $1.8 million worth of cryptocurrencies.