Michael Terpin Takes SIM Hacker to Court for $71 Million

2020-5-12 05:00

In the world of Bitcoin and other crypto assets, theft and hacks are rather common. Michael Terpin fell victim to such theft a few years ago, yet it now seems that the investigation is reaching a new milestone.

Most Bitcoin enthusiasts will be familiar with Michael Terpin.

The Michael Terpin Hack Saga Continues

He is an active speaker and moderator during panels at Bitcoin and blockchain conferences around the world. 

Over the years, he also put some money into various blockchain and crypto startups.

All of that success also made Terpin a target for criminals in 2018.

Following a SIM swap incident, Terpin lost nearly $24 million in cryptocurrency.

As it turns out, the theft was orchestrated by Ellis Pinksy – a 15-year-old hacker – and a few collaborators.

Now that Pinksy has turned 18, Terpin is filing a lawsuit for $71 million in damages by leveraging a federal racketeering law.

If rumors are to be believed, Pinksy has been stealing cryptocurrency from others for several years.

While he may have been boasting about other people’s feats, it doesn’t bode well for this case.

Another individual identified as part of the case is Nicholas Truglia.

Truglia pleaded not guilty to charges in New York and California, although he lost a $75.8 million default judgement.

Image(s): Shutterstock.com

The post Michael Terpin Takes SIM Hacker to Court for $71 Million appeared first on NullTX.

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michael theft terpin years ago yet victim

Источник: nulltx.com

michael theft → Результатов: 16


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A Rolex, McLaren and Luxury Condos- the World of a Crypto Con-man

A high-profile cryptocurrency theft case and a series of lawsuits associated with it have brought SIM swap hacks to the limelight once again. Nicolas Truglia, the primary suspect of a $24 million-dollar cryptocurrency theft case where BitAngels founder Michael Terpin’s crypto holdings were robbed, was known to live in $6,000 per month rented apartment.

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BitAngles Founder Files a New Lawsuit Over a $24 Million Cryptocurrency Theft Case

In a new development to a year-old crypto theft case, Michael Terpin, the founder of BitAngels investment group has filed a lawsuit seeking $81 million in damages. Terpin has filed a civil suit and Racketeer Influenced and Corrupt Organizations claim against a man from New York and other people, who allegedly stole $24 million worth of […] BitAngles Founder Files a New Lawsuit Over a $24 Million Cryptocurrency Theft Case was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

2019-1-21 18:59


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Bitcoin theft victim sues AT&T for $224M after SIM-swap bungle

Nicolas Truglia, the infamous cryptocurrency con-man already arrested for stealing $1 million in digital assets, is now being sued for a further $81 million by another one of his victims. Court documents allege Truglia worked with a crew of 25 unnamed individuals to steal $24 million in cryptocurrency from Michael Terpin, an early Bitcoin investor, reports the Register.

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