Nicolas Truglia, known for his involvement in a large-scale cryptocurrency heist, has been arrested again in Florida on charges of fraud and carrying a concealed weapon.
The 25-year-old was arrested Tuesday in Florida, Bloomberg News informed ofNoting that the circumstances of the latest case have not yet been clarified.
last year was truglia Sentenced 18 months in prison for involvement in a scam that stole more than $23 million in virtual currency from cryptocurrency investor Michael Terpin.
He had participated in a scheme in which one victim’s SIM card was linked to another number.
The technique, known as “SIM swapping”, allowed hackers to gain unauthorized access to a crypto wallet owned by the victim, which was linked to a phone number controlled by scheme participants.
According to official records, in the Terpin case, which attracted national media attention, Truglia persuaded an AT&T employee to transfer Terpin’s phone number onto a new SIM card during a SIM swap.
They then managed to break into Terpin’s security accounts and gained access to his email and wallet passwords. Truglia transferred the stolen cryptocurrency to his own wallet, thereby laundering the coins into bitcoin.
During a hearing last year, it was revealed that Truglia owned an estimated $53 million in jewelry, artwork and cryptocurrency. As part of his sentence, he agreed to pay more than $20 million in restitution to Terpin.
Truglia arrested again after just 4 months
The notorious hacker was released from jail earlier this year in January itself.
After his release, the accused went to live with his father in Ocoee, Florida.
He has now been arrested again for alleged fraudulent activities as well as carrying a concealed weapon.
Truglia also admitted his involvement in Rob Ross’s high-profile SIM swap, in which he was able to take $1 million of Ross’s life savings. Litigation is going on in the matter.
Truglia now faces trial again and could face years in prison if convicted.
The most recent incident comes as April saw a series of crypto scams, hacks and exploits that saw over $103 million in funds stolen from unsuspecting investors and projects.
Some of the more notable hacks of the month included the loss of $25.4 million Exploitation of MEV trading botsA hot wallet exploit stole $22 million from the Bitrue exchange, and a hack of the South Korean GDAC exchange resulted in a loss of $13 million, according to a reports by Certik, a crypto security and auditing company.
In addition, approximately $74.5 million was lost due to crypto and DeFi exploits in April, accounting for half of the total $145 million exploits in the first four months of the year.