Sirin Labs Users informed about the Hack of SRN Holder

The producer of a mobile phone with military-grade security, Sirin Labs has claimed on its Telegram channel that a major SRN token holder was hacked
14 June 2018   392

SRN is a token which raised ‎$157.8 million and has become the fourth largest ever at that time. Currently, according to coinmarketcap.com, SRN has a market capitalisation of $44.2 million. 

Sirin Labs is a blockchain firm that deployed a mobile phone with military-level security called Solarin. The phone retails at $14,000 in the US. The appliance is unique as it features a switch that  encrypts all communications, and it comes with a concierge service which monitors the state of the device.

We look at the newest and the most advanced technology and incorporate [it] into a new phone. That costs a lot of money.
Tal Cohen
Chief Executive, Sirin Labs

Announced in February 2018, The FINNEY line of devices will be launched on the Sirin operating system and come pre-integrated with the cryptocurrency of Cardano, ADA. They are processed by the Tangle, that is the network of a company called IOTA. The devices were developed in the collaboration with a Japanese company Emurgo. 

Sirin Labs informed its subscribers in their Telegram channel:
A large SRN token holder just informed us that his wallet was hacked, which might explain the issues surrounding the token. Please ensure you’re taking all necessary precautions to protect your wallets.
Sirin Labs
in Telegram

Above 40 percent of SRN tokens are concentrated on a Las Vegas-based cryptocurrency exchange - Bittrex, according to Cryptovest. As reported, the hack has so far not been not been widely considered as yet.

Crypto Investor to File Lawsuit Against AT&T

Michael Terpin believes that AT&T helped scammers to still his $24M worth crypto
16 August 2018   127

In the Los Angeles District Court, a 69-page lawsuit was filed by BitAngels founder Michael Terpin against the American telecom giant AT&T. Terpin claims that the operator assisted fraudsters in "stealing digital personal data" from the account on his smartphone, which is why he lost $ 24 million in cryptocurrency, according to an official release.

According to Terpin, for seven months, there were two hacks. Initially, an attacker got access to his phone number without providing a password or correct identification data. Later, the phone number was used to steal crypto.

AT&T’s studied indifference to protecting its customers’ privacy and financial assets is a metastasizing cancer, threatening hundreds of millions of unsuspecting AT&T’s customers. Our client had no idea when he initially signed up, nor when later he was promised the highest level of security for his account, that low-level retail employees with access to AT&T records, or people posing as them, can be bribed by criminals to override every system that AT&T advertises as unassailable.
 

Pierce O’Donnell
Lead counsel for Terpin in this complaint

Michael Terpin requires AT & T to pay him $ 224 million - $ 200 million for moral damages and $ 24 million for actual theft.