T-Mobile ordered to pay $33 million in compensation due to cryptocurrency theft caused by SIM card attack

The law firm Greenberg Glusker announced that it has won a $33 million arbitration ruling against telecommunications giant T-Mobile, stating that this result is a key milestone in holding telecom operators accountable for cryptocurrency theft related to SIM card swaps. The arbitration panel found T-Mobile responsible for several security lapses, which allowed the SIM swap attacks to occur and led to the theft of cryptocurrency.