In a case that dates back to 2018, crypto investor Michael Terpin will receive $22 million from a 15-year-old hacker that used SIM-swapping to steal more than $24 million worth of crypto. By oknightcrypto, cryptowords
A 15-year-old crypto hacker, who swindled crypto investor Michael Terpin out of millions, has agreed to pay $22 million to the victim, according to a court filing in the Southern District of New York.and involved an elaborate SIM-swap scheme that targeted mobile operator AT&T , which ultimately resulted in Terpin losing cryptocurrencies worth $24 million.
The hacker confirmed his direct involvement in the SIM-swap and subsequent theft, according to the court filing, which has been signed by both Terpin and the hacker. A detailed account of how the AT&T SIM-swap occurred will also be provided by the 15-year-old. Terpin's attorney, Tim Toohey, said that he hopes that with this detailed information AT&T will take responsibility for security failures that led to the breach.from Terpin. All remaining claims against the hacker, other than the New York state law claim for conversion, will be dismissed.
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