Man sues T-Mobile for failing to provide Mobile Security to his Cryptocurrency!

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Can you imagine that a hacker can easily sneak into your mobile phone to steal your bitcoins or other digital currency? If not please read the following post and educate yourself on the latest events happening in the cyber world.

In the year 2015, Carlos Tapang of Washington decided to invest in crypto coins and managed to purchase & store them on a mobile crypto wallet in order to make his online transactions via crypto easier.

But to his misfortune, some hackers succeeded to hack his crypto wallet account on his mobile phone in November last year and siphoned off with 1,000 OmiseGo (OMG) tokens and 19.6 BitConnect coins. Then they exchanged the coins for 2.875 Bitcoins and transferred it to their accounts which resulted in a profit of $20,466 for them.

After launching an inquiry, Tapang discovered that the hack occurred through a cleverly associated plan between two hacking groups who first took hold of his T-Mobile account on November 7, 2017, and then canceled his number and transferred it to an AT&T account which was under their control.

By the time T-Mobile learned about the breach i.e. after 24 hours, the hackers succeeded in changing the password of one of Tapang’s cryptocurrency accounts and walked out with the crypto coins.

After making several calls and email correspondence with the T-Mobile authorities, Carlos Tapang decided to file a suit in Washington Federal Court alleging that the Mobile Carrier failed to provide basic security measures which made hackers drain his cryptocurrency exchange account.

And if Carlos wins the case, then he is asking a compensation of over 1 million from T-Mobile in exchange for all the mental agony and bitter experience he has gone through.

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Naveen Goud is a writer at Cybersecurity Insiders covering topics such as Mergers & Acquisitions, Startups, Cyber Attacks, Cloud Security and Mobile Security

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