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Man's Sentence Increased to 12 Years for Stealing $22 Million in Cryptocurrency Through SIM Card Swap

Summary: According to reports, US District Judge Alvin Hellerstein recently increased Nicholas Truglia's sentence to 12 years for failing to fulfill an agreement to pay $20.4 million in restitution to victims. Truglia pleaded guilty in 2021, admitting to participating in a scam against blockchain consulting firm Transform Group CEO Michael Terpin. The scheme involved deceiving telecom ...

According to reports, US District Judge Alvin Hellerstein recently increased Nicholas Truglia's sentence to 12 years for failing to fulfill an agreement to pay $20.4 million in restitution to victims. Truglia pleaded guilty in 2021, admitting to participating in a scam against blockchain consulting firm Transform Group CEO Michael Terpin. The scheme involved deceiving telecom company employees to transfer Terpin's phone number to a hacker-controlled SIM card, gaining access to his cryptocurrency accounts. Truglia was responsible for converting the stolen funds into Bitcoin. (TechinAsia)

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Link: Man's Sentence Increased to 12 Years for Stealing $22 Million in Cryptocurrency Through SIM Card Swap [Copy]

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