Teen hacker who swindled millions in a Sim-Swap fraud agrees to pay back $22M
October 14 2022
15 year old hacker Ellis Pinsky hacker who swindled crypto investor Michael Terpin out of millions back in 2018 has agreed to pay $22 million to the victim.
The hack involved an elaborate SIM-swap scheme that targeted mobile operator AT&T (T), which resulted in Terpin losing cryptocurrencies worth $24 million.
The hacker confirmed his direct involvement in the SIM-swap and subsequent theft, according to the court filing.
A detailed account of how the AT&T SIM-swap occurred will also be provided by the 15-year-old.
Terpin's attorney, Tim Toohey, said that he hopes that with this detailed information AT&T will take responsibility for security failures that led to the breach.
Earlier, Terpin had sued AT&T for allowing the crypto hack.
However, a California judge dismissed a $200 million damages claim against AT&T from Terpin.
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