SIMSwap

U.S. COURT EXTENDS SENTENCE IN $20M CRYPTO FRAUD CASE

Nicholas Truglia’s prison term has been extended to 12 years after failing to repay $20.4 million in restitution to crypto investor Michael Terpin.

Truglia, who pleaded guilty in 2021, played a key role in a SIM-swap scam that allowed hackers to access Terpin’s crypto holdings. The stolen funds were later converted into Bitcoin.

This case highlights growing legal consequences in crypto-related fraud, as U.S. courts crack down harder on cybercriminals.

#CryptoNews #Bitcoin #FraudCase #SIMSwap #NicholasTruglia

Breaking: SIM-Swap Scammer Sentenced to 12 Years for $20M Crypto Theft

🧑‍⚖️U.S. District Judge Alvin Hellerstein has extended Nicholas Truglia’s prison sentence to 12 years after he failed to repay $20.4 million in restitution.

🔓Truglia pleaded guilty in 2021 for his role in the SIM-swap scam targeting Transform Group CEO Michael Terpin. By tricking telecom staff to reassign Terpin’s number to a hacker-controlled SIM card, attackers accessed his crypto accounts.

💰Truglia was responsible for converting the stolen funds into @Bitcoin .

#SIMSwap #CryptoFraud #MichaelTerpin #Bitcoin #Web3

🚨 BREAKING: Canadian Woman Demands Justice After $1.8M Bitcoin Theft in SIM Swap Scam – Will Big Telecom Pay?
A shocking case of crypto theft has reached Canada’s Supreme Court, exposing critical security flaws in telecom systems. Here’s the full story:
🔍 What Happened?
Victim: Raelene Vandenbosch, a pharmacy manager
Theft: 12 BTC (worth $531K in 2021, now $1.8M) stolen via SIM swap hack
How? A hacker posed as a Rogers technician, tricked a store employee into sharing her account details, and hijacked her phone number to access her crypto wallets (Ledger & ShakePay).
⚖️ Legal Battle Escalates
Lawsuit Targets: Rogers Communications & Match Transact Inc. (kiosk operator)
Allegations:
Negligence (failed security protocols)
Breach of privacy (exposed customer data)
Breach of contract (no fraud protection)
Rogers’ Response: Offered $95 refund initially, now pushing for private arbitration to avoid court.
💥 Why This Case Matters
✅ Precedent-Setting: Could force telecom giants to strengthen SIM swap protections.
✅ Crypto Security Wake-Up Call: Highlights risks of SMS-based 2FA for crypto accounts.
✅ Public vs. Private Justice: Court ruled arbitration required—but victim fights for public admission of guilt.
📢 Victim’s Demand:
Full reimbursement ($1.8M current BTC value)
Admission of fault from Rogers & Match
Policy changes to prevent future scams
#Bitcoin #SIMSwap #CryptoTheft #Rogers #Law

🔥 RT to demand accountability! Should telecom companies cover crypto thefts?
💬 Comment below:
Should victims get reimbursed at today’s crypto prices?
Is SMS 2FA dead? What’s the safest alternative?
👇 Tag someone who uses phone-based crypto security!
⚠️ Pro Tip: Use hardware wallets + authenticator apps—never SMS for crypto logins!

🇨🇦 سيدة كندية تقاضي شركة اتصالات:

خسرت 12 بيتكوين بعملية Sim Swap.
📱 اختراق الشريحة صار خطر كبير.
#simswap #Cryptoscam #Canada

🚨 *He was just 15… and stole 24 MILLION.*
What started as teen curiosity turned into one of the *biggest SIM swap scams in history.*
Here’s the insane story of how it happened 👇

—

*🧠 The Mastermind: Joseph James O’Connor (aka PlugWalkJoe)*
At just *15 years old*, Joe figured out how to pull off *SIM swapping* — a method where hackers trick telecom providers into transferring someone’s phone number to a SIM card they control.

That SIM gives them access to SMS-based *2FA (two-factor authentication)* — and from there, they can hijack *crypto wallets, emails, and even social media accounts.*

—

*💸 The24M Jackpot*
In 2019, Joe and his crew SIM-swapped a crypto entrepreneur.
They *emptied wallets* worth over *$24 million* in a matter of hours.
Then? He *flew private*, spent on *escorts, penthouses, and designer gear* like a mini Wolf of Wall Street.

---

*👀 How It All Crashed*
Joe’s *own partner* turned on him — leaking details to U.S. authorities.
He was arrested in Spain in 2021 and *extradited to the U.S.*
In 2023, he was sentenced to *5 years in federal prison*.

---

*⚠️ The Lesson: SIM Swaps Are STILL a Huge Threat*
Even in 2025, SIM swaps are one of the easiest ways to steal millions.
👉 If you have serious crypto holdings, don’t use *SMS 2FA*. Use *hardware keys (Yubikey, Ledger),* not your phone.

---

📌 *From a teenage millionaire to a federal inmate…*
*O’Connor’s story is a warning for every trader & investor.*

$XRP
$POL

$ZIL

#CryptoSecurity #SIMSwap #ScamAlert #PlugWalkJoe #CryptoHistory

🚨 *He was just 15… and stole 24 MILLION.*
What started as teen curiosity turned into one of the *biggest SIM swap scams in history.*
Here’s the insane story of how it happened 👇
—
*🧠 The Mastermind: Joseph James O’Connor (aka PlugWalkJoe)*
At just *15 years old*, Joe figured out how to pull off *SIM swapping* — a method where hackers trick telecom providers into transferring someone’s phone number to a SIM card they control.
That SIM gives them access to SMS-based *2FA (two-factor authentication)* — and from there, they can hijack *crypto wallets, emails, and even social media accounts.*
—
*💸 The24M Jackpot*
In 2019, Joe and his crew SIM-swapped a crypto entrepreneur.
They *emptied wallets* worth over *$24 million* in a matter of hours.
Then? He *flew private*, spent on *escorts, penthouses, and designer gear* like a mini Wolf of Wall Street.
---
*👀 How It All Crashed*
Joe’s *own partner* turned on him — leaking details to U.S. authorities.
He was arrested in Spain in 2021 and *extradited to the U.S.*
In 2023, he was sentenced to *5 years in federal prison*.
---
*⚠️ The Lesson: SIM Swaps Are STILL a Huge Threat*
Even in 2025, SIM swaps are one of the easiest ways to steal millions.
👉 If you have serious crypto holdings, don’t use *SMS 2FA*. Use *hardware keys (Yubikey, Ledger),* not your phone.
---
📌 *From a teenage millionaire to a federal inmate…*
*O’Connor’s story is a warning for every trader & investor.*
$XRP
XRP
2.2481
+0.24%
$POL
POL
0.1865
-1.58%
$ZIL

ZIL
0.01098
-1.78%
#CryptoSecurity #SIMSwap #ScamAlert #PlugWalkJoe #CryptoHistory

😳💥He was just 15 years old.

Stole $24 million in crypto.

Spent it all on escorts, luxury clubs, and Rolex watches.

Then the FBI showed up at his door.

One of the wildest SIM swap scams you've never heard of 🧵

#CryptoScam #SIMSwap #FBIBust #TeenHacker

Defense Pushes for Lighter Sentence in SEC X Account Hack & Bitcoin ETF Hoax Case ⚖️📉

Eric Council Jr., the hacker behind the fake Bitcoin ETF approval post on the SEC’s official X account, is back in court — and his lawyers want just 1 year behind bars instead of the 2 years prosecutors are pushing for.

> “A sentence of 12 months and 1 day serves justice,” Council’s legal team argued in the May 13 filing.

The backstory:
Council pleaded guilty in February after a SIM swap attack gave him access to the SEC’s X account. He and his group used the platform to falsely announce the approval of spot Bitcoin ETFs — causing temporary chaos in the crypto markets.

Why it matters:

The fake post caused a brief market spike before being debunked

Council reportedly made $50,000 through similar frauds

He now faces sentencing on May 16

Prosecutors label it a "sophisticated fraud scheme"

The case is also attracting political attention — Donald Trump just appointed Judge Jeanine Pirro (yes, that Jeanine) as interim U.S. attorney for D.C. on May 8. This move could reshape how future crypto-related crimes are prosecuted.

Crypto Takeaway
The incident shows how social engineering attacks can impact the crypto space — and how security and regulation remain hot zones as Web3 matures.

Stay alert, stay secure.

#BitcoinETF #CryptoCrime #SEC #SIMSwap #Cybersecurity

- **Twitter Account Recovery**: Metis, a blockchain project, successfully regained control of its official Twitter account after it had been compromised due to a Sim Swap attack. The attack allowed the malicious actor to take control of the account for a duration of about 30 hours.

- **Security Measures Implemented**: Following the incident, Metis took prompt action to enhance the security of its Twitter account. The team implemented appropriate security measures to prevent similar attacks in the future and safeguard their online presence.

- **Sim Swap Attack Details**: The attack was facilitated through a Sim Swap, a method where attackers manipulate cellular carriers to transfer a victim's phone number to a device under their control. This can grant them access to various online accounts linked to that phone number.

- **Ongoing Investigation and Cooperation**: Metis is actively investigating the incident and working closely with relevant authorities to gather more information about the attack. This proactive approach reflects the project's commitment to addressing security breaches promptly and responsibly.

- **User Support**: Metis provided a channel for affected users to seek assistance and communicate with the project's officials regarding the incident. Users can reach out through Discord to address any concerns or inquiries related to the security breach.

#Metis #blockchain #simswap #ScamAlert #HackAlert

$ETH $BNB $BTC

🚨 SIM Swap Threat in South Korea – What You Need to Know 🚨

On April 19, SK Telecom suffered a malware breach that compromised SIM card data — raising serious concerns over potential SIM swap attacks.

In response, Bithumb has ramped up monitoring efforts for USIM forgery and tampering to safeguard users.

🔐 What You Should Know:
• Compromised SIM data can be exploited to gain access to sensitive accounts, including crypto wallets.
• Real-time security and proactive defense are essential to preventing serious losses.

Stay Protected:
• Enable 2FA on all important accounts.
• Watch for unusual SIM-related alerts or unexpected service changes.
• Regularly audit your account activity and update security settings.

Your digital security matters. Stay alert and stay safe.

Have tips or tools to fight SIM swaps? Drop them below.
#ScamAlert
#SIMSwap
#CryptoSecurity
#Bithumb