KRP2 Law Firm Expands SIM Swap Litigation to Recover Crypto Assets
Cybersecurity firm KRP2 is expanding its legal services to aid victims of SIM swap fraud across Florida, New York, and California. The firm aims to hold telecommunications carriers and crypto exchanges accountable for security breaches that lead to significant investor losses.
SIM swap attacks, which exploit mobile carrier vulnerabilities to hijack phone numbers and bypass SMS-based 2FA, cost U.S. victims nearly $21 million in 2025, according to the FBI. Blockchain analyst ZachXBT documented over $82 million stolen via SIM swaps in 2024. KRP2's litigation focuses on inadequate protocols and weak identity verification by service providers.
Recent rulings, including a $33 million arbitration award against T-Mobile, indicate a shift towards holding providers responsible for infrastructure security gaps. KRP2 leverages consumer protection and data privacy laws to facilitate asset recovery by targeting entities controlling access to digital assets.
https://cryptovka.com/news/krp2-law-firm-expands-sim-swap-litigation-to-recover-crypto-assets
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2026-09-22 16:59:12 UTC
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2026-09-22 16:59:12 UTCEvent JSON
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"content": "KRP2 Law Firm Expands SIM Swap Litigation to Recover Crypto Assets\n\nCybersecurity firm KRP2 is expanding its legal services to aid victims of SIM swap fraud across Florida, New York, and California. The firm aims to hold telecommunications carriers and crypto exchanges accountable for security breaches that lead to significant investor losses.\n\nSIM swap attacks, which exploit mobile carrier vulnerabilities to hijack phone numbers and bypass SMS-based 2FA, cost U.S. victims nearly $21 million in 2025, according to the FBI. Blockchain analyst ZachXBT documented over $82 million stolen via SIM swaps in 2024. KRP2's litigation focuses on inadequate protocols and weak identity verification by service providers.\n\nRecent rulings, including a $33 million arbitration award against T-Mobile, indicate a shift towards holding providers responsible for infrastructure security gaps. KRP2 leverages consumer protection and data privacy laws to facilitate asset recovery by targeting entities controlling access to digital assets.\n\nhttps://cryptovka.com/news/krp2-law-firm-expands-sim-swap-litigation-to-recover-crypto-assets",
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