T-Mobile Forces Arbitration Of $240K 'SIM-Swap' Scam Suit

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T-Mobile US Inc. has succeeded in forcing into arbitration a suit alleging the company's lax security measures led a customer to lose nearly $240,000 in cryptocurrency. A Florida judge declared the arbitration agreement bound the suing customer. Edward Mendez filed his suit seeking to hold the mobile behemoth accountable for a nearly quarter million-dollar loss he said was the result of a "SIM-swap" account takeover scheme. SIM-swapping refers to a scam where wireless carriers are tricked into transferring access to a cellphone number from a wireless carrier.

Source: https://www.law360.com/articles/1454042/...-scam-suit

 

                                                      
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