T-Mobile launches $350 million data breach settlement distribution

According to Gate News bot, The Daily Hodl reported that T-Mobile, one of the world's largest telecommunications operators, has now begun the process of distributing $350 million in settlement funds to customers.

The settlement amount is related to a large-scale data breach incident that occurred in 2021, where approximately 76 million American customers' personal data was compromised, involving sensitive information such as names, addresses, and social security numbers.

The reconciliation management team has confirmed that the fund distribution work has begun and will continue over the next few weeks.

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