T-Mobile Fined $33M for Crypto Theft

T-Mobile Fined for SIM Swap Cryptocurrency Theft

• T-Mobile was fined $33 million for a cryptocurrency theft via SIM card swapping.
• The legal firm Greenberg Glusker secured the arbitration award.
• An additional $6.5 million was ordered for legal expenses and interest.
• The judgment was confirmed by the Superior Court of Los Angeles.
• The case highlighted vulnerabilities in mobile network security.

T-Mobile faced a $33 million fine following a SIM swap attack that led to cryptocurrency theft, with Greenberg Glusker winning the case. The court also imposed an extra $6.5 million for related costs, emphasizing the need for improved security measures in mobile networks.