SIM Swapper Who Stole $20 Million in Crypto Resentenced to 12 Years in Prison

In brief

  • A New York judge resentenced Nicholas Truglia to 12 years in prison after he failed to pay $20 million in restitution for a 2018 SIM-swap theft.
  • The revised sentence more than doubles federal guidelines and follows Truglia’s early release from an initial 18-month term in 2022.
  • Truglia evaded restitution while moving funds and buying luxury goods; a courtroom video of him boasting about hiding stolen crypto proved pivotal.

A New York federal judge has resentenced convicted cybercriminal Nicholas Truglia to 12 years in prison, following an 18-month sentence years earlier, after he failed to pay $20 million in restitution to his victim.

The ruling, handed down on Thursday, came after Truglia missed deadlines to repay crypto…

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