Cryptocurrency investor's $224 million suit against AT&T over stolen coins moves forward

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Cryptocurrency investor's $224 million suit against AT&T over stolen coins moves forward
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A cryptocurrency investor's $224 million suit against AT&T over stolen coins is allowed to move forward

was trading near $9,982 on Tuesday, and has roughly tripled in value since the beginning of this year. It became a household name in December 2017, when it reached a high of nearly $20,000 but has yet to recover to that level since.

Terpin said he was the victim of two hacks within seven months. At the time, he was using AT&T as his service provider and said cryptocurrency was taken through a "digital identity theft" of his account. He alleged that an impostor was able to get his phone number from an "insider cooperating with the hacker" without the AT&T store employee requiring him to show valid identification or provide a required password.

"What AT&T did was like a hotel giving a thief with a fake ID a room key and a key to the room safe to steal jewelry in the safe from the rightful owner," the complaint alleged. Hacks are not unusual in the fledgling space. The all-time total in cryptocurrency lost by individuals hit $1.5 billion at the end of last year, according to CoinDesk's State of Blockchain Report.should guard their cellphone numbers with the same paranoia with which they guard their social security numbers. Many crypto investors opt to keep their funds in what's known as "cold storage.

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