Nicholas Truglia, known for his engagement in a massive cryptocurrency theft, has been arrested again in Florida over allegations of fraud and carrying a concealed weapon.
The 25-year-old was arrested Tuesday in Florida, Bloomberg News reported, noting that the circumstances of the latest case have not yet been made clear.
Last year, Truglia was sentenced to 18 months in prison for his involvement in a scam to steal virtual currency worth over $23 million from Michael Terpin, a cryptocurrency investor.
He participated in a scheme that linked a victim’s SIM card to another number.
The technique, known as “SIM swapping,” then allowed the hackers to obtain unauthorized access to a crypto wallet owned by the victim that was linked to a phone number controlled by the scheme participants.
According to official records, in the Terpin case, which attracted national media attention, Truglia convinced an AT&T employee to transfer Terpin’s phone number onto a new SIM card during a SIM swap.
They then managed to breach Terpin’s security accounts and went on to access his email and wallet passwords. Truglia then moved the stolen cryptocurrency into his wallet, leading to the washing of the coins into Bitcoin.
During the hearing last year, it was revealed that Truglia had an estimated $53 million in jewelry, artwork and cryptocurrency. As part of his punishment, he had agreed to pay over $20 million in compensation to Terpin.
The notorious hacker was released from jail just earlier this year in January.
After being released, the accused went to live with his father in Ocoee, Florida.
He has now been arrested again for alleged fraudulent activities as well as for carrying a concealed weapon.
Truglia had also admitted to his involvement in
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