Tuesday February 06, 2018

T-Mobile Sued for Crypto Loss on Port-Out Scam

We talked about T-Mobile pushing security to keep from having your phone number stolen through port-out scamming last week. Now it has come to UberGizmo's attention that T-Mobile is being sued by a man that is suggesting that it is T-Mobile's fault that he lost "tens of thousands of dollars" worth of cryptocurrency last November.

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Carlos Tapang, a resident of Washington state, has accused that T-Mobile "improperly allowed wrongdoers to access" his wireless account on November 7th, 2017. They were then able to cancel his number and transfer it to an AT&T account under their control.

This enabled them to change the password of his cryptocurrency accounts and steal 1,000 OmiseGo tokes and 19.6 BitConnect coins, according to Tapang. "T-Mobile was unable to contain this security breach until the next day," Tapang alleges, which is when it was able to get the number back from AT&T.

Those who had hacked him exchanged all of his coins for 2.875 bitcoin which were transferred out of the account and possibly sold when the price was around $7000, thus netting them just over $20,000. It merits mentioning here that bitcoin briefly touched highs of almost $20,000 in December last year.

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