Judge Lets AT&T Off the Hook for Crypto Investor SIM Swap Attack

A federal judge in California has ruled that AT&T is not liable for damages in the 2017 SIM swap hack that stole $24 million from early crypto investor Michael Terpin. Terpin had sued AT&T in 2018 for $224 million, alleging an inside man at the company gave the hackers access to his phone, but the judge earlier dismissed the $200 million damages claim because AT&T's privacy policies did not guarantee protection from third-party hacks. Terpin said he was "shocked and baffled" by the ruling and intends to appeal, while an AT&T spokesperson said the company was not responsible for his losses.