Private Equity Moris Beracha Wuani

By Lorenzo Franceschi-Bicchierai A cryptocurrency investor who says he lost $24 million after his phone number was stolen in two hacks wants AT&T to pay him more than $200 million in damages. Michael Terpin, founder of Transform Group and BitAngels, filed a lawsuit against AT&T on Tuesday. Terpin argues that AT&T didn’t do enough to protect his phone number despite the fact that the company was fully aware of the fact that criminals are increasingly targeting cryptocurrency investors by stealing their phone numbers in a fraud commonly known as SIM swapping, SIM hijacking, or “port out scam.” In the last few months, several criminals have stolen millions of dollars in Bitcoin or other virtual currency by targeting people who work in the cryptocurrency world. In July, police in California accused a 20-year-old of being part of a group who stole $5 million from more than 40 victims. A couple of weeks later, police in Florida charged a 25-year-old for similar crimes. ...