RATE Group | Cryptocurrency investor robbed via his cellphone sues AT&T for $224 million over loss
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Cryptocurrency investor robbed via his cellphone sues AT&T for $224 million over loss

15 Aug Cryptocurrency investor robbed via his cellphone sues AT&T for $224 million over loss

Posted at 15:11h in Cryptocurrency News by

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Randall Stephenson, chairman and chief executive officer of AT&T Inc., speaks during a Senate Judiciary Subcommittee hearing in Washington, D.C., U.S., on Wednesday, Dec. 7, 2016.

Andrew Harrer | Bloomberg | Getty Images

Randall Stephenson, chairman and chief executive officer of AT&T Inc., speaks during a Senate Judiciary Subcommittee hearing in Washington, D.C., U.S., on Wednesday, Dec. 7, 2016.

A U.S. investor filed a $224 million lawsuit against AT&T Wednesday accusing the telecommunications giant of negligence that allegedly caused the California resident to lose roughly $24 million in cryptocurrency.

In a 69-page complaint filed with the U.S. District Court in Los Angeles, the plaintiff Michael Terpin claimed that because of “AT&T’s willing cooperation with the hacker, gross negligence, violation of its statutory duties, and failure to adhere to its commitments in its Privacy Policy,” he lost nearly $24 million worth of cryptocurrency.

Terpin, who was using AT&T as his service provider, said the…

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