\nA T-Mobile customer lost his crypto fortune due to a major security failure
\nThe huge sums of fines on T-Mobile originated from a February 2020 SIM swapping attack that targeted the tech entrepreneur Joseph \u201cJosh\u201d Jones. Glusker suggests that the attackers stole more than 1,500 Bitcoin (BTC) and nearly 60,000 Bitcoin Cash (BCH), valued at $38 million at the time.
\nNumerous security failures at T-Mobile led to the SIM swap incident, which sparked a massive legal battle. The law firm notes that the parties have kept the court ruling in the lawsuit under wraps since the fall of 2023. T-Mobile didn\u2019t want details of the security flaws to come out. However, a recent petition to confirm the award of the lawsuit brought those details into public view.
\nInfiltration of the carrier\u2019s systems allowed threat actors to conduct the attack
\nAs per the source, the threat actors managed to hijack Jones\u2019 T-Mobile account, even with the enhanced PIN protection. An employee of the carrier facilitated the attack by consenting to move Jones\u2019 mobile number to a SIM card under the threat actor\u2019s ownership. However, the PIN protection on the account should have been enough to prevent the hacker from making changes. This led Jones to suspect that the threat actor used a backdoor on the carrier\u2019s systems.
\n\u201cSIM swapping has been an unchecked security flaw for years. Carriers like T-Mobile have known about it and failed to take basic precautions. This award makes it clear: they must do better,\u201d said Paul Blechner of Greenberg Glusker.
\nInvestigations into the incident revealed that a 17-year-old teen conducted the SIM swapping attack in the case. He reportedly had links with other cybercriminals, who targeted over 100 Twitter accounts in 2020, including those belonging to Joe Biden, Elon Musk, Bill Gates, and Jeff Bezos.
\nT-Mobile has been involved in SIM swapping attacks before. In 2022, a US man received a sentence for stealing $20 million in crypto via a SIM swap attack. A year later, a SIM swapping attack involving T-Mobile targeted advisory firm Kroll. The attack exposed data from many bankrupt crypto firms, including Genesis, FTX, and BlockFi.
\nThe post T-Mobile was fined $33 million in a SIM swapping lawsuit appeared first on Android Headlines.
\n
![](\"https:\/\/plus.maciejpiasecki.info\/wp-content\/uploads\/2025\/03\/AH-T-Mobile-Logo-jpg.jpg\"){kind=logo}
\nSource: ndroidheadlines.com <\/p>\n","protected":false},"excerpt":{"rendered":"