The cryptoinvestor filed a lawsuit against the US mobile operator AT&T for not being sufficiently vigilant and granting access to its cellphone to scammers who, using mobile, stole $24 million in cryptocurrency from the investor.

Michael Terpin, one of the founders of BitAngels Bitcoin Investor Group and BitAngels/Dapps Fund, filed a lawsuit with the Los Angeles District Court against the telecom giant AT&T. According to his 69-page complaint, within the last 7 months, scammers managed to hack his mobile phone twice, and Terpin became a victim of a "digital identity theft". According to Terpin, this became possible due to the "AT&T's willing cooperation with the hacker, gross negligence, violation of its statutory duties, and failure to adhere to its commitments in its Privacy Policy."

After the first hack, Terpin alleged that an impostor was able to get his phone number from an "insider cooperating with the hacker" without an AT&T store employee requiring him to show valid identification or provide a required password.

The hackers used Terpin's mobile number to gain access to his crypto assets worth $24 million.

In an emailed statement, AT&T said "we dispute these allegations and look forward to presenting our case in court."

Now the cryptoinvestor requires AT&T to reimburse $24 million for stolen tokens and $200 million in compensation.