SIM Swapper Who Stole $20 Million in Crypto Resentenced to 12 Years in Prison
2025-07-11 04:27:44
Main Idea
A New York federal judge resentenced cybercriminal Nicholas Truglia to 12 months in prison for a 2018 SIM-swapping attack that stole over $23 million in crypto, exceeding federal guidelines.
Key Points
1. Nicholas Truglia was resentenced to 12 months in prison for a 2018 SIM-swapping attack that resulted in the theft of over $23 million in cryptocurrency.
2. The revised sentence more than doubles the federal guidelines, which recommend 51 to 63 months.
3. Truglia was previously sentenced to 18 months in December 2022 but was detained again in May 2023 for suspected violations.
4. He was ordered to repay $12.1 million by December 31, 2022, and an additional $8.3 million by January 30, 2023, but failed to do so, leading to resentencing.
5. Another member of the group, Ellis Pinsky, who was 15 at the time of the hack, reached a $22 million settlement.
6. SIM swapping scams led to significant financial losses, including $73 million in 2022 and undisclosed amounts in 2023.
Description
Truglia’s original 18-month term was dramatically increased after he failed to pay restitution to crypto investor Michael Terpin.
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