**Michael Pierre claims that Coinbase was grossly negligent of its promise to protect and secure its customers' cryptocurrencies from cyberattacks. **
Mr. Pierre further claims that Coinbase dropped the ball on a series of anti-cyber attack/anti-hack precautions mandated by federal and state laws, rules, and regulations for cryptocurrency exchanges like Coinbase.
Negligence is defined as a failure to behave with the level of care that someone of ordinary prudence would have exercised under the same circumstances. The behavior usually consists of actions, but can also consist of omissions when there is some duty to act (e.g., a duty to help victims of one's previous conduct).
GBL § 349 is broad in scope and prohibits deceptive and misleading business practices. To state a cognizable claim under Section 349(h), a plaintiff must identify consumer-oriented misconduct, which is deceptive and materially misleading to a reasonable consumer, and which causes actual damages.
Gross negligence is more than simple carelessness or failure to act. It is willful behavior done with extreme disregard for the health and safety of others. It is conduct likely to cause foreseeable harm.
Mr. Etheridge alleges that hackers fraudulently SIM swapped his mobile number and stole 159.8 Ethereum tokens from him.
Mr. Kevin Frye claims that T-Mobile employees allowed hackers to steal his phone number through SIM swap. Mr. Frye lost $87,000 worth of BTC from his Coinbase account apart from the $1,536 was withdrawn from his Wells Fargo account.
The People of the United States alleges James O' Connor between March and May 2019. Defendant did participate in a scheme to use SIM swap to steal approximately $784,000 worth of Cryptocurrency from a Manhattan-based cryptocurrency company.
Plaintiff Boyd Egan used a fake driver's license to steal the identity of his victim and used it to request a SIM Swap in a mobile carrier's retail store. He also used the same fake driver's license to personally withdraw funds from his victims' banks with the help of SMS authentication using the victim's number that he fraudulently SIM swapped.
The People of the State of California alleges that Xzavyer Narvaez knowingly stole identifying information and credit card details of 3 identified sim swap victims amounting to not less than $27,000.
Mr. LaPrairie claims that Presidio was grossly negligent and has breached their contract Where they've promised to protect the personally-identifying information of their employees when hackers were able to get hold of their sensitive information and use it for criminal activities such as SIM swap fraud.
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