Crust to AT&T about the payment of $ 200 million in favor of the bitcoin investor is recognized as insolvent

The Central District Court of California rejected the claim of the founder of the Bitcoin investors of Bitangels Michael Terpin to the telecommunications giant AT&T about compensation for damage, writes Coindesk.

Terpin claimed that in 2018 the company promoted fraudsters in the substitution of SIM cards, which is why he lost cryptocurrency in the amount of $ 24 million. The investor demanded to pay him $ 200 million.

During the court session on September 8, AT lawyers&T called the claims of Terpin insolvent, https://gagarin.news/ua/news/emirates-kicks-off-nf-ts-and-the-metaverse/ since “the company’s privacy policy does not guarantee complete protection against third -party penetrations”. Based on this, the mobile operator was not interested in concealing information about the restrictions on the security protocol.

The court also did not find confirmation that AT employees&T knew about the shortcomings of the protocol of two -factor authentication, but did not take them into account.

A lawsuit to compensate for damage in the amount of $ 200 million was rejected due to the fact that it was based on AT accusations&T in fraud and negligence of employees.

Earlier, the court rejected the application AT&T about the termination of the case, having decided that Terpin demonstrated how hackers could use two -factor authentication of his phone to access cryptocurrency wallets, while he relied on the defense of the mobile operator.

Consideration of the investor’s claim for accusations AT continues&T in violation of the contract and unauthorized opening of private information by hackers. The amount of compensation for it is $ 23.8 million.

Recall that in May 2019, Michael Terpin achieved the payment of $ 75.8 million compensation for a lawsuit against Nicholas Trulia, who stole a cryptocurrency with him through SIM-watering. Nicholas Trulia himself was arrested in November 2018 for the theft of $ 1 million in cryptocurrencies, including by falsification of SIM cards.