{"id":43295,"date":"2020-08-09T01:56:00","date_gmt":"2020-08-08T22:56:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/cryptocurrency-fraud-sues-t-mobile-for-letting-him-get-hacked\/"},"modified":"2020-08-09T01:56:00","modified_gmt":"2020-08-08T22:56:00","slug":"cryptocurrency-fraud-sues-t-mobile-for-letting-him-get-hacked","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/cryptocurrency-fraud-sues-t-mobile-for-letting-him-get-hacked\/","title":{"rendered":"#Cryptocurrency \u2018fraud\u2019 sues T-Mobile for letting him get hacked"},"content":{"rendered":"

“#Cryptocurrency \u2018fraud\u2019 sues T-Mobile for letting him get hacked<\/strong>”<\/p>\n

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August 8, 2020 |<\/span> 6:56pm <\/p>\n

\n Enlarge Image<\/p>\n

\"Reggie<\/img>
\n Acting CEO of Veritaseum Reggie Middleton<\/span>
\n Getty Images for Zenith Bank<\/span><\/p><\/div>\n

\n A fraudster who conned investors out of millions is really hacked off at T-Mobile \u2014 for allegedly letting scammers take over his accounts and steal $8.7 million in cryptocurrency, according to a lawsuit.<\/p>\n

Reginald Middleton, who was ordered to pay a $1 million fine by the US Securities and Exchange commission last year for allegedly misleading investors about his company Veritaseum, claims the phone company let a hacker take over his cell number.<\/p>\n

The scheme, called a SIM swap, works when a con artist convinces a cellphone company to switch a customer\u2019s phone number to a device controlled by the thief.<\/p>\n

Cellphones have become a crucial part of online security, with users asked to provide their numbers to receive text messages with security codes to confirm their identities.<\/p>\n

Once the hacker controlled Middleton\u2019s phone number, they had access to his T-Mobile account, and his \u201cvirtual currency accounts, private cloud data storage and computer accounts, email services and possibly other sensitive information,\u201d according to Middleton\u2019s Brooklyn Federal Court papers filed against T-Mobile.<\/p>\n

The thieves then stole the hefty pile of crypto cash, charges Middleton, who says in court papers it took just four phone calls in July 2017 for the hacker to get a T-Mobile agent to agree to the SIM swap.<\/p>\n

The scam came four months after Middleton\u2019s Veritaseum launched an \u201cinitial coin offering,\u201d or ICO, a bid to create a new cryptocurrency and raise funds for Veritaseum.<\/p>\n

But the SEC accused Middleton of misleading investors about Veritaseum\u2019s profitability and viability, running afoul of securities laws, and manipulating Veritaseum\u2019s price.<\/p>\n

The SEC won an injunction against Middleton, who did not admit or deny the allegations but had to cough up nearly $7.9 million in \u201cill-gotten gains\u201d in addition to the $1 million fine.<\/p>\n

T-Mobile declined comment on the litigation.\n <\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Cryptocurrency \u2018fraud\u2019 sues T-Mobile for letting him get hacked” August 8, 2020 | 6:56pm Enlarge Image Acting CEO of Veritaseum Reggie Middleton Getty Images for Zenith Bank A fraudster who conned investors out of millions is really hacked off at T-Mobile \u2014 for allegedly letting scammers take over his accounts and steal $8.7 million in…<\/p>\n","protected":false},"author":1,"featured_media":43296,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[50862],"class_list":["post-43295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cryptocurrency-fraud-sues-t-mobile-for-letting-him-get-hacked"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/43295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=43295"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/43295\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/43296"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=43295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=43295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=43295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}