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 .
