U.S. Law Firm Files Claims Against AT&T, T-Mobile Over SIM Swap-Enabled Crypto Thefts By Cointelegraph
U.S. crypto investor law firm Silver Miller has filed arbitration claims against telecoms giants AT&T (NYSE:) and T-Mobile for “SIM-swap”-related thefts, according to a press release published Nov. 8
SIM-swapping – also known as a ‘port-out scam’ – involves the theft of a cell phone number in order to hijack online financial and social media accounts, enabled by the fact that many firms use automated messages or phone calls to handle customer authentication.
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