TechLair

  • Home
  • contact
  • About
  • Privacy Policy

NY’s Bitcoin Bandit ordered to pay $75M to SIM-swap victim

Monday, May 13, 2019 by Piyush Suthar | Comments

Home News Tech NY’s Bitcoin Bandit ordered to pay $75M to SIM-swap victim

Michael Terpin, the Bitcoin investor who had $24 million worth of cryptocurrency stolen from him in a SIM-swapping hack, has been awarded a payout three-times the size of his original loss. Los Angeles Superior Court has ordered New York-based Bitcoin Bandit Nicholas Truglia to pay Terpin $74.8 million in compensation, Reuters reports. Truglia and his gang of 25 accomplices used SIM-swapping to gain access to and control Terpin’s cryptocurrency accounts in early 2018. The gang drained his accounts of 3 million tokens of an unnamed digital asset. Terpin logged his case against Truglia in January this year, and is still…

This story continues at The Next Web

Or just read more coverage about: Bitcoin

Authored by Piyush Suthar
Pro Blogger


Follow me on Twitter, Facebook, Google+, YouTube.

Load comments
  • Newer Post
  • Home
  • Older Post
  • techlair
    Over 1,500+ Readers

    Get fresh content from TechLair

    brand222 facebook brand2 envelope-o

    BEST OF TechLair

    Meizu 16 to be launched in August with in-display fingerprint reader, 8 GB RAM
    Jack Dorsey sent out the first tweet 13 years ago today: Here's how to find yours
    Xiaomi reveals the back panel of Mi CC9 and Mi CC9e ahead of the official launch
    WhatsApp adds a tip-line for checking fakes in India ahead of elections


    Copyright © 2019 TechLair. All rights reserved.
    Privacy Policy • DMCA • Contact