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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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Recent Posts
  • Crypto regulators call for investor protection in the crypto ecosystem
  • Bitcoin Christmas rally to $200K or $300K possible based on ‘power law’ model
  • Bitzlato co-founder requests US pardon after guilty plea — Report
  • France opens criminal investigation into X for alleged algorithmic manipulation
  • US Democrats push back on digital asset bills with ‘anti-crypto corruption week’
  • Tether to discontinue USDT on five blockchains to 'refocus resources'
  • Is the crypto market entering a new supercycle? Here are 5 ways to know

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