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coinpedia
2022-10-14 12:59:26

Crypto Hacker Ready to Pay $22 Million in AT&T SIM-Swap Case

Crypto Hacker Ready to Pay $22 Million in AT&T SIM-Swap Case

The post Crypto Hacker Ready to Pay $22 Million in AT&T SIM-Swap Case appeared first on Coinpedia Fintech NewsThe hacker who scammed crypto investor Michael Terpin out of millions of dollars has agreed to reimburse the victim $22 million. The breach occurred in 2018 and comprised an extensive SIM-swap operation that targeted cell provider AT&T (T), resulting in Terpin losing bitcoins worth $24 million. SIM-swapping is a method of evading two-factor authentication (2FA) …

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