Trusted

Crypto Thief Nicholas Truglia Arrested Again on Fraud Charges

1 min
Updated by Geraint Price
Join our Trading Community on Telegram

In Brief

  • Police arrested notorious crypto thief Nicholas Truglia for fraud charges and possession of a weapon.
  • He was released in January after serving time for stealing over $23 million in cryptocurrency.
  • Truglia was first arrested when he was just 21 years old.
  • promo

Crypto thief Nicholas Truglia is facing jail again after police arrested him for fraud charges and possession of a weapon.

The 25-year-old cryptocurrency thief faces heading back to prison having only been released in January.

Truglia’s the Crypto Career Criminal

According to Bloomberg, police arrested Truglia on Tuesday while living with his father in Ocoee, Florida. While few details are known about his arrest, he is being charged with fraud and possession of a weapon.

Crypto thefts and scams make it to the headline frequently in 2023. But Truglia shocked the industry with a $23 million heist in 2018 from an individual, Michael Terpin, when crypto crimes were less common.

BeInCrypto reported that he also stole $1 million from a Silicon Valley executive Robert Ross through SIM swapping.

At the time of his first arrest in 2018, Truglia was just 21 years old. The authorities charged him with 21 counts of theft, including grand theft, altering or damaging computer data with the intent to defraud, and using personal information without authorization

During court sentencing, it was discovered that Truglia had assets worth over $53 million, in art, jewelry, and crypto.

Another crypto thief, Gary Harmon, was sentenced to four years in prison by a U.S. District Court last month. Harmon is accused of stealing 713 Bitcoin from a wallet that was in Internal Revenue Service (IRS) security.

Got something to say about Nicholas Truglia or anything else? Write to us or join the discussion on our Telegram channel. You can also catch us on TikTok, Facebook, or Twitter.

For BeInCrypto’s latest Bitcoin (BTC) analysis, click here.

Best crypto platforms in Europe | November 2024
YouHodler YouHodler Explore
Bitpanda Bitpanda Explore
Coinbase Coinbase Explore
BYDFi BYDFi Explore
Margex Margex Explore
Best crypto platforms in Europe | November 2024
YouHodler YouHodler Explore
Bitpanda Bitpanda Explore
Coinbase Coinbase Explore
BYDFi BYDFi Explore
Margex Margex Explore
Best crypto platforms in Europe | November 2024

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

Harsh.png
Harsh Notariya
Harsh Notariya is an Editorial Standards Lead at BeInCrypto, who also writes about various topics, including decentralized physical infrastructure networks (DePIN), tokenization, crypto airdrops, decentralized finance (DeFi), meme coins, and altcoins. Before joining BeInCrypto, he was a community consultant at Totality Corp, specializing in the metaverse and non-fungible tokens (NFTs). Additionally, Harsh was a blockchain content writer and researcher at Financial Funda, where he created...
READ FULL BIO
Sponsored
Sponsored