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Crypto scammer's sentence bumped to 12 years from 18 months for welshing on debt

cryptoweekly by cryptoweekly
July 10, 2025
in bitcoin, News
0

Nicholas Truglia was initially sentenced to 18 months behind bars for carrying out SIM-swapping attacks against crypto investors.

Nicholas Truglia, a crypto scammer convicted in 2022 and initially sentenced to 18 months in prison, had his sentence extended to 12 years on Thursday for failure to pay back a victim he targeted in 2018.

Truglia failed to pay over $20 million in restitution to crypto investor and CEO of the public relations company Transform Group, Michael Terpin, according to Bloomberg.

“At sentencing, Mr. Truglia demonstrated a willingness to repay his victim the entire amount stolen,” Judge Alvin Hellerstein wrote in a July 2 order. The order also read:

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  • Hacker reconnaissance work continues on TeleMessage app vulnerability — Report
  • Lawsuits piling up against Strategy could take years, go nowhere, lawyer says
  • GENIUS' ban on stablecoin yield will drive demand for Ethereum DeFi — Analysts
  • The rise of ETFs challenges Bitcoin’s self-custody roots
  • Russia considers allowing cryptocurrency payments on two islands
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