Cryptocurrency Investor Sues AT&T After Loss of Digital Tokens -Reuters
16 August 2018 - 1:51AM
Dow Jones News
By Stephen Nakrosis
--A cryptocurrency investor in the U.S. is suing AT&T Inc.
(T) for $224 million, claiming fraud and gross negligence,
following the theft of digital currency tokens, Reuters reports
Wednesday.
--According to the lawsuit, filed in the U.S. District Court in
Los Angeles, investor Michael Terpin had $23 million of digital
currency tokens stolen from his account after the "digital identity
theft" of his cellphone account, the report said.
--Mr. Terpin said AT&T was his cellphone service provider at
the time of the theft, and is seeking $23.8 million to cover the
loss of the tokens and $200 million in punitive damages, the report
said.
--An AT&T spokesman said "We dispute these allegations and
look forward to presenting our case in court."
Full story:
https://www.reuters.com/article/us-cryptocurrency-at-t-lawsuit/u-s-investor-sues-att-for-224-million-over-loss-of-cryptocurrency-idUSKBN1L01AA
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
August 15, 2018 11:36 ET (15:36 GMT)
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