U.S. investor sues AT&T for $224 million over loss of cryptocurrency

U.S. investor sues AT&T for $224 million over loss of cryptocurrency
An AT&;T logo is pictured in Pasadena, California, U.S., January 24, 2018.
|Updated:

U.S. entrepreneur and cryptocurrency investor Michael Terpin filed a $224 million lawsuit on Wednesday against telecommunications company AT&T, accusing it of fraud and gross negligence in connection with the theft of digital currency tokens from his personal account.

In a 69-page complaint filed with the U.S. District Court in Los Angeles, Terpin alleged that on January 7, 2018, the tokens were stolen from him through what he alleged was a “digital identity theft” of his cell phone account. In the complaint, he saidAT&T was his service provider.