CoinWorld news, Nicholas Truglia was previously sentenced to 18 months in prison for his involvement in the theft of $22 million in cryptocurrency. For failing to comply with a $20.4 million restitution agreement, he was sentenced to an increased term of 12 years by U.S. District Judge Alvin Hellerstein on July 10, 2025. Truglia pleaded guilty in 2021, admitting to participating in a criminal gang that used SIM card swapping techniques to take control of victims' phones and transfer their crypto assets. The victim was Transform Group CEO Michael Terpin. [Bloomberg]