Deep Tide TechFlow News, July 12, according to TechinAsia, U.S. District Judge Alvin Hellerstein increased Nicholas Truglia's prison sentence to 12 years due to his failure to fulfill the agreement to pay $20.4 million in restitution to the victims. Truglia pleaded guilty in 2021, admitting to participating in the fraud against Transform Group CEO Michael Terpin. The scheme involved deceiving employees at a telecommunications company to transfer Terpin's phone number to a SIM card controlled by hackers, thereby gaining access to his cryptocurrency accounts. Truglia was responsible for converting the stolen funds into Bitcoin.