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Also, don't have your life savings in crypto, but if you must, then please for the love of everything holy don't put it someplace where a SIM swap attack is enough to get it out. Irreversible transactions are kind of the whole point of it, so you need to be much more careful with crypto credentials than, say, your bank password or credit card.
Wasn’t there a pin on his account?
One time there was something wrong on their end and no one could do anything until the system to verify my pin was back up.
I am not condoning or justifying criminal behaviour but I have to wonder why on earth he would have his life savings in cryptocurrency, protected only by SMS 2FA, if he knew someone else this had happened to?
Especially if you’re going around with that much crypto always always remember:
Not your keys, not your coins.
Always store cold storage and set aside some for trading if you want. And if you’re trading, always use FIDO U2F physical keys.
This is exactly the kind of thing that needs to start happening to actually motivate the companies to stop allowing this BS. Good luck! Also, don't have your life savings in crypto, but if you must, then please for the love of everything holy don't put it someplace where a SIM swap attack is enough to get it out. Irreversible transactions are kind of the whole point of it, so you need to be much more careful with cry…
Wasn’t there a pin on his account?
Pins obviously have other issues that make no sense, like the incredibly low complexity allowed that would never be acceptable for a password. But even aside from that I guess AT&T also want everyone to turn their pin off? I hope they do lose a lawsuit and actually have to start giving a shit about pin swapping and make things more secure by default.
Not your keys, not your coins.
This is exactly why I’m only faithful to FIDO U2F keys. Got a couple and ensure they’re safe. No one’s hacking my accounts unless they crack both my passwords and rob me physically... which at this point doesn’t seem like it’s going to happen.
> It essentially destroyed our financial future, our entire life savings was stolen
Who keeps their entire life savings in crypto?
I wish him the best of luck but considering AT&T was a party in the big Supreme Court decision setting the precedent, I predict this falls down the dark hole of mandatory, binding arbitration about twelve minutes after the first hearing on a motion to dismiss and compel arbitration. We’ve collectively given up our rights to sue in many instances (including when signing up for HN-backed services run by people who shou…