The $24 Million Scam by a 15-Year-Old Hacker: SIM Card Hijacking, Nightclub Revelry, and FBI Pursuit

15-year-old Ellis Pinsky exploited a "SIM swapping" vulnerability to steal the digital wallet keys of investor Michael Terpin, making off with $24 million in cryptocurrency. Behind this case was a group of teenage hackers who, through bribing telecom employees, illegally took control of others' phone numbers to carry out targeted scams.

The Absurd Life After Striking It Rich

After his heist, Pinsky lived a life of extreme extravagance: renting out nightclubs for parties, purchasing high-end watches, and hiring bodyguards to accompany him. But this madness didn’t last long—due to a partner’s betrayal, his true identity was exposed, and the FBI quickly came knocking.

Legal Loopholes and Consequences

Although Pinsky returned most of the stolen money, as a minor, he escaped criminal charges. However, the victim Terpin did not give up, seeking $22 million in damages through a civil lawsuit. #加密市场反弹

From Hacker to Student

Today, Ellis Pinsky is studying philosophy and computer science at New York University, having completely turned his back on his past criminal life. This case also reveals a harsh truth of the digital age: the intertwining gray market chain of technological abuse and legal loopholes is pushing young people toward the abyss.

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The cryptocurrency circle is essentially a contest between retail investors and institutional players. If you don’t have real skills and professional expertise, it’s easy to be eliminated! If you want to break even or double your profits, you have to be cautious. To achieve continuous profits without being exploited, you need to work alongside professional analysts and traders!