KRP2 Law Firm Expands Specialized SIM Swap Crypto Recovery Litigation Across Major US Jurisdictions

[PRESS RELEASE – Miami, FL, USA, September 22nd, 2026]

Kaplan Rothstein Prüss Peraza (KRP2), a outstanding cybersecurity and information privateness litigation agency, has introduced the growth of its specialised authorized observe centered on recovering digital belongings misplaced to SIM swap fraud. The agency is scaling its plaintiff-side litigation efforts throughout Florida, New York, and California to pursue civil restoration claims in opposition to main telecommunications carriers and cryptocurrency exchanges that fail to guard consumer accounts from preventable safety breaches.

SIM swap assaults happen when malicious actors exploit vulnerabilities in cellular provider verification processes to hijack a sufferer’s cellphone quantity, permitting them to bypass SMS-based two-factor authentication (2FA). According to the FBI Internet Crime Complaint Center (IC3) annual report, US victims suffered almost $21 million in losses from SIM swapping in 2025. Furthermore, blockchain analyst ZachXBT documented the theft of over $82 million in SIM swap incidents in 2024, underscoring the extreme threat going through retail and institutional buyers alike.

As a results of these institutional vulnerabilities, KRP2’s expanded observe supplies a direct civil litigation route for victims who’ve lost cryptocurrency due to a SIM swap attack. Rather than focusing solely on nameless hackers, the agency targets the company entities whose weak identification verification or insufficient account restoration protocols enabled the theft. This litigation mannequin asserts that each telecom suppliers and cryptocurrency platforms could be held legally accountable below shopper safety, negligence, and information privateness legal guidelines when their systemic failures result in consumer asset depletion.

Legal precedents more and more help this institutional legal responsibility strategy. In a landmark March 2025 arbitration ruling, T-Mobile was ordered to pay $33 million to a buyer whose high-security account was breached by way of a fraudulent SIM switch, leading to an enormous crypto theft. Globally, judicial our bodies are mirroring this stance; India’s Karnataka High Court not too long ago held a significant telecom supplier accountable for negligence following an analogous mobile-enabled cybercrime.

To defend claims and guarantee proof preservation instantly following an assault, KRP2 advises victims to take swift motion:

• Immediate Carrier Escalation: Report the fraudulent switch to the cellular provider to freeze the quantity and doc port-out logs.
• Exchange Lockdown: Notify affected cryptocurrency exchanges to freeze remaining belongings, change credentials, and take away SMS-based 2FA.
• Data Preservation: Request and safe all transaction hashes, IP login information, and communication transcripts from each telecom and crypto platforms.

By standardizing restoration protocols throughout its Miami, New York, and Los Angeles places of work, KRP2 goals to bridge the hole between advanced blockchain forensics and civil litigation, making certain that companies are held financially accountable for infrastructure-level safety gaps.

About Kaplan Rothstein Prüss Peraza (KRP2)

Kaplan Rothstein Prüss Peraza (KRP2) is a premier litigation regulation agency specializing in information privateness, cybersecurity breaches, and digital asset restoration. Operating out of Miami, New York City, and Los Angeles, the agency champions shopper rights by holding main companies accountable for systemic technical vulnerabilities.

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