AT&T Inc. is facing a new lawsuit in federal court in Los Angeles from a digital media adviser and adjunct professor who says two AT&T employees hacked his iPhone and facilitated the theft of nearly $2 million in cryptocurrency.

Seth Shapiro claims AT&T failed to protect him from a “SIM swapping” scheme carried out by its employees. In a SIM swapping scheme, victims’ phone numbers are transferred to a different device without their consent, allowing others to access their passwords and accounts. In one recent, high-profile example, Twitter Chief Executive Officer Jack Dorsey was victimized by an apparent SIM…

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