<ul><li>T-Mobile has been ordered to pay $33 million in damages for a SIM swap attack that resulted in the theft of $38 million in cryptocurrency from a customer's account.</li><li>The security breach occurred even though the victim had extra protections, raising concerns about a potential backdoor in T-Mobile's security.</li><li>The payment was made to settle a private arbitration case initiated by California law firm Greenberg Glusker.</li><li>The cyberattack targeted tech entrepreneur Joseph 'Josh' Jones, with the attackers gaining control of his T-Mobile account to access and transfer his cryptocurrency holdings.</li></ul>

T-Mobile slapped with $33 million bill for a SIM swap it didn’t stop

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