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While members of the crypto community are doubtful the lawsuit against Coinbase will be successful, it has sparked a conversation about the issues with SMS 2FA. Go to Source Powered by WPeMatico
The hacker purportedly plans to sell a subset of their stolen information 6 BTC ($286,000). Go to Source Powered by WPeMatico
In Daly City, California, authorities are investigating a crypto scam incident where a man lost $27,000 worth of bitcoin. A 48-year-old man claimed the scammers tricked him into giving them the keys to his wallet. Scammer Impersonated a Crypto Wallet Hardware Firm Ledger Representative Per KTVU FOX 2, the unnamed victim received a text message … Read more
The cryptocurrency investor Michael Terpin is suing the large telecom firm AT&T because his mobile phone was compromised by hackers who stole $24M USD worth of digital assets. Terpin says he was hacked twice in less than a year and employees at AT&T participated in a SIM swap fraud. Also read: Fivebucks.com: Meet the Freelancer’s Marketplace … Read more
The U.S. Federal Communications Commission (FCC) has demanded that a New York City resident turn off his bitcoin mining hardware after it was discovered that his Antminer S5 was interfering with a broadband network operated by T-Mobile. According to the FCC, the mining rig was “generating spurious emissions” and “causing harmful interference” on “frequencies assigned … Read more
Cryptocurrency use requires great personal responsibility with regards to data security. Investors need to not only make sure they are using best security practices but must also hope that service providers that have the potential to jeopardize their holdings do so as well. In a recent federal court case, a T-Mobile client claims that the … Read more
T-Mobile is one of the biggest mobile carriers in the US. This status does not protect it from lawsuits being filed against it, though. One T-Mobile customer has decided to file a lawsuit after hackers stole his cryptocurrency portfolio. In his opinion, the company failed to enforce sufficient security measures. Several thousand dollars worth of money was stolen, including some … Read more
