T-Mobile is sentenced to $33 million in compensation for cryptocurrency theft caused by SIM card attack
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2025-03-30 21:02 2,149
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Golden Finance reported that law firm Greenberg Glusker announced that it won a $33 million arbitration ruling against telecom giant T-Mobile, saying the result is a key milestone in holding telecom operators accountable for the theft of cryptocurrencies related to SIM card exchanges. The arbitration team found T-Mobile responsible for several of its security mistakes that allowed the SIM card exchange attacks to occur and resulted in the theft of cryptocurrencies.