12 Years in Prison for Hacker Who Stole $20 Million in Crypto via SIM Swap!

A notorious hacker with the phone number #Newyork named Nicholas Truglia has been sentenced to 12 years in prison for failing to return $20 million to victim Michael Terpin, who had his crypto stolen by Truglia through a SIM Swap scheme in 2018.

⏱️ Initially, Truglia was only sentenced to 18 months in prison and was released early on the condition that he repay the amount. But instead of fulfilling his commitment, he continued to spend money, buy luxury items, and transfer assets to evade repayment.

🎥 Key evidence that led to Truglia's heavy sentence this time was a video in court, where he confidently boasted that his crypto could not be seized even if he sat in prison for 10 years. As a result, he will now know 'what 10 years in prison really feels like,' according to victim Terpin.

🔑 The case is seen as a turning point for the U.S. legal system in handling hacking and crypto fraud cases. SIM Swap crimes are decreasing but still pose a significant threat: the FBI reported that such scams caused losses of over $25 million just last year.

📌 SIM Swap is a scheme to deceive telecommunications employees to take over a phone number, then steal the OTP code needed to access crypto wallets and email accounts.

⚠️ This is a costly lesson for those who underestimate the law and the power of justice in the crypto era. #Hacker