T-Mobile Customers Receiving Settlement Payments of $350 Million Following Data Breach and Class Action Lawsuit Settlement
Unleashing the Latest: Scams, Hacks, and Breaches
In a significant twist, T-Mobile customers who suffered in the 2021 gigantic cyberattack that exposed their personal data, are now receiving their share of a whopping $350 million class action settlement.
beginning the distribution process, the settlement payments will roll out over the coming weeks. An astounding 76 million US residents had their names, addresses, Social Security numbers, and other sensitive details compromised in the breach.
T-Mobile agreed to the settlement in July 2022 to settle claims arising from the August 2021 breach. eligible for payments will receive either digital deposits or paper checks depending on their selection during the claim process. The payouts vary, with amounts ranging from $25 to $100, and some eligible for up to $25,000 for substantiated significant losses.
In addition to monetary compensation, the settlement also includes two years of free identity protection services for all affected customers.
The hack, ranked among the largest in U.S. history, led to lawsuits accusing T-Mobile of failing to secure customer data. However, T-Mobile maintains it has taken steps to strengthen its cybersecurity posture to prevent future incidents, and the company didn't admit to any wrongdoing in the settlement[1][2][3].
Stay tuned for more engaging content on X, Facebook, and Telegram. Don't miss a beat by subscribing to our email alerts for timely updates!
Industry Insights:
- T-Mobile Breach: The 2021 T-Mobile data breach exposed the personal data of about 76 million U.S. residents[4]. This included names, addresses, Social Security numbers, and other sensitive details[1][3].
- Settlement Payments: The settlement is being distributed in early June 2025, and will continue over several weeks. The payouts range from $25 to $100, with some eligible for up to $25,000 for documented significant losses[1].
Covering the Cryptoverse
Dive into the world of finance, traversing macro, bitcoin, ethereum, crypto, and web 3.
CategoriesBitcoin • Ethereum • Trading •Altcoins • Futuremash • Financeflux •Blockchain • Regulators • Scams •HodlX • Press Releases
Join Us On:
TelegramXFacebook
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Users should conduct their own due diligence before committing to any high-risk investments in Bitcoin, cryptocurrency or digital assets. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. The information provided may include affiliate marketing, and users transfers and trades are at their own risk[5].
[1] T-Mobile Breach Victims Starting to Get Hack Settlement Money[2] T-Mobile Data Breach: Learn How to File a $350M Class Action Settlement Claim[3] "They're Sending Out Checks Soon": Here's Everything T-Mobile Breach Victims Need to Know About Cash Payments (Up to $25K)[4] How Many People Were Affected by the T-Mobile Data Breach?[5] The Daily Hodl Disclaimer
In light of the 2021 T-Mobile data breach settlement, discussions surrounding the business and financial implications of such incidents have risen. The world of cryptocurrency and blockchain, notably altcoins, has shown interest in the potential connections between digital assets and data breaches. As the cybersecurity landscape evolves, more emphasis is placed on shielding sensitive information like those exposed in the T-Mobile breach.
