Lawsuit Was Filed Against T-Mobile

Customer filed a lawsuit against the telecoms company T-mobile due to the security breach
06 February 2018   447

On Sunday, a customer sued T-Mobile, claiming that the company’s lack of security allowed hackers to enter his wireless account and steal crypto worth thousands of dollars.

The lawsuit states that T-Mobile allowed hackers to access Carlos Tapang’s  wireless account in November 2017.

The hackers managed to cancel Tapang’s number and transferred it to an AT&T account under their control. Carlos insists that T-Mobile was unable to fix this security breach until the next day. After gaining control of his phone number, the hackers changed the password on one of Tapang’s cryptocurrency accounts and stole 1,000 OmiseGo (OMG) tokens and 19.6 BitConnect coins. The hackers converted them into Bitcoin, netting them 2.875 BTC.

The suit states that T-Mobile was partly responsible for the theft because the carrier said it would add a PIN code to Tapang’s account prior to the incident, but didn’t actually implement it. The victim also said that the hackers called T-Mobile’s support line to gain access to his accounts without identity verification.

The lawsuit doesn’t detail how exactly the hackers were able to access Tapang’s account.

Companies such as T-Mobile which are providing these services to their customers must implement tougher security measures to protect themselves from lawsuits and their clients from crypto hackers.

Miners Arrested in 2 Chinese Cities For Power Theft

Six people were detained in Tianjin and two in Wuhan
25 April 2018   58

Bitcoin miners were arrested in two Chinese cities on charges of stealing electricity. This is reported by CoinDesk.

In the first case, 6 people were detained in Tianjin. The suspects used 600 devices for mining bitcoins that were connected to a local substation. The police claim that the connection was made bypassing the counters.

The investigation was initiated after one of the electric power companies discovered a discrepancy between the actual and claimed consumption of electricity.

The police seized all equipment for mining, as well as 8 powerful fans.

Events are taking place while China continues to play a dominant role in the mining of bitcoin, despite the pressure on the cryptocurrencies. As Xinhua notes, this case of electricity theft turned out to be the largest in recent years.

According to another report, which appeared today on the website of the Supreme Prosecutor of China, two more suspects were detained in Wuhan. They also stole electricity.

The detainees used empty stores since March 2017 to house miners and did not pay for electricity, as did the defendants from Tianjin.