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Crypto Thief Nicholas Truglia Arrested Again on Fraud Charges

1 min
Updated by Geraint Price
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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.
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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.

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Harsh Notariya
Harsh Notariya excels in delivering SEO-optimized crypto news under tight deadlines. Previously, as a Growth Marketer at Sporty and a Community Consultant at Totality Corp, he significantly boosted community engagement and followers. Harsh also crafted engaging content for top crypto influencer Shivam Chhuneja, blending meme references for an educational yet fun experience. His versatile skills make him a notable figure in crypto journalism.
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