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CORAL SPRINGS, Fla., — Since 2018, Silver Miller (www.SilverMillerLaw.com) — a leading cryptocurrency investor law firm — has been aggressively investigating, prosecuting, and resolving claims on behalf of cryptocurrency investors against AT&T, T-Mobile, and Verizon related to “SIM hacks” and holding those cellphone carriers accountable for their role in this emerging identity and asset theft crisis. Notwithstanding the carriers’ knowledge of the prevalence of SIM swapping and their assurances that they were protecting their customers, the carriers have failed to utilize adequate protections — regularly ignoring and deliberately bypassing their own security measures without regard for the ensuing harm that flows to their customers.
In fact, Silver Miller has uncovered widespread evidence showing that cellphone carrier representatives have intentionally bypassed security measures — even with regard to customers who supposedly have “enhanced security” on their accounts. The U.S. Department of Justice is prosecuting several former AT&T and Verizon representatives who, in return for payoffs, assisted criminal enterprises in effectuating SIM swaps and cryptocurrency thefts.
Additionally, as several news outlets reported, many prominent members of the cryptocurrency community have become SIM swap victims, including crypto investor Michael Terpin, Messari’s Ryan Selkis, Coin Center’s Neeraj Agrawal, and The Block Crypto’s Mike Dudas. Lawsuits are pending in multiple courts related to these and other SIM swap victims.
Rather than publicly litigating our clients’ issues, however, Silver Miller has filed private and confidential arbitrations protecting our clients’ identities in over 30 proceedings (https://www.silvermillerlaw.com/current-investigations/crypto-cellphone-sim-port-hijacking/) which have successfully shown to be less costly, less burdensome for the victims, and far quicker to resolve than prolonged court battles. All remedies available in court are also available in confidential arbitration, which allows victims to pursue recovery while maintaining a modicum of confidentiality and privacy.
Anyone victimized by SIM swapping who has had valuable assets taken from them due to a cellphone carrier’s failed security protocols — especially if “enhanced security” was promised — should contact Silver Miller to discuss his/her legal options. Silver Miller is at the forefront of cryptocurrency and financial fraud litigation and fights to protect investors.
For more information — or if you are a smartphone user victimized by a SIM swap — please contact David C. Silver, Managing Partner at (954) 516-6000 or [email protected]