The man's prison sentence for stealing 22 million dollars in Crypto Assets through SIM card swapping has been increased to 12 years.

According to Mars Finance, recently, U.S. District Judge Alvin Hellerstein increased Nicholas Truglia's sentence to 12 years because he failed to fulfill the agreement to pay $20.4 million in restitution to the victims. Truglia pleaded guilty in 2021, admitting to participating in the fraud against Transform Group CEO Michael Terpin. The scheme involved deceiving telecommunications company employees to transfer Terpin's phone number to a hacker-controlled SIM card, thereby gaining access to his Crypto Assets account. Truglia was responsible for converting the stolen funds into Bitcoin. (TechinAsia)

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)