Litigation attorneys and counsel for cryptocurrency entrepreneur Michael Terpin, Pierce O'Donnell and Paul Blechner, shared their insights regarding a civil suit in which Ellis Pinsky allegedly hacked Terpin's phone and took $24 million in cryptocurrency. Terpin has since filed a lawsuit against AT&T charging that the phone provider “did not offer proper supervision … and allowed a $9 [an hour] contractor to manually override the system that should have been protecting my information.” Pinsky will be testifying under oath during the trial.

Excerpts:

“Ellis agreed to supply us with truthful information about what happened,” Paul Blechner [...] told The Post. “He is going to give us full details under oath about how this occurred and how it went down.”

“Pinsky’s then-lawyer told him to give us $2 million,” said Pierce O’Donnell, lead attorney for Terpin. “His lawyer told us that Pinsky gave us all he had. That kept the FBI off of  Pinsky’s back. I believe he negotiated a favorable deal to avoid prosecution.”

“If AT&T pays at least the balance due [$22 million], then Pinsky is off the hook for the money,” said O’Donnell. “You can’t collect twice for the same obligation.”

Resources

• New York Post