BlockBeats News: On June 8th, T-Mobile, a US company under Deutsche Telekom, began distributing $350 million in class action settlements to millions of customers affected by a massive hacking attack and data breach in 2021. The distribution of settlement funds has begun and will continue in the coming weeks. In 2021, a cyber attack leaked personal data of approximately 76 million American customers, including sensitive information such as names, addresses, and social security numbers.
T-Mobile agreed to this settlement in July 2022, and eligible customers will receive digital deposits or paper checks ranging from $25 to $100 depending on their choice during the claims process. Some users may receive up to $25000 due to significant recorded losses. The settlement also includes providing two years of free identity protection services to affected customers. T-Mobile stated that it has strengthened its network security protocols to prevent future incidents, but did not admit any wrongdoing in the settlement.
