21-Year Old Accused Of Stealing More Than $24 Million Worth Of Crypto

Nicholas Truglia, the 21-year old American from New York, is in our crypto news today after being accused of stealing millions of dollars worth of crypto by using the SIM swapping method.

The plaintiff Michael Terpin who is a long-time crypto investor, filed a lawsuit back in August last year against AT&T accusing the company of negligence by allowing the suspect to take control over the plaintiff’s phone and steal more than $24 million in crypto.

SIM-swapping is basically theft of a cell phone number which allows the thief to hijack all of the online financial data from social media accounts and other financial accounts since many companies now use automated messages to handle customer authentication.

Terpin explained that his legal team has already identified the primary suspect who is actually Nicholas Truglia.

Truglia has been arrested before also for a similar SIM swap criminal charges by allegedly stealing more than $1 million in crypto from Silicon Valley executives. He is currently in prison in Santa Clara County, California.

In the evidence presented, there are plenty of statements and text messages that were sent by Truglia on the same date when Terpin got all of his accounts attacked, saying to his friends that he had stolen a crypto wallet with more than $20 million in it. In one of the texts, he even brags saying he is a millionaire. He also confessed to friends that that particular theft was his largest.

Terpin’s filed complaints including charges against Truglia under the Racketeer Influenced and Corrupt Organizations.