Nicholas Truglia, convicted of SIM-swapping and stealing over $20 million in cryptocurrency, was resentenced to 12 years in prison following his failure to repay restitution to victim Michael Terpin. Initially sentenced to 18 months in December 2022, Truglia had been released under the condition of repayment, a commitment he did not fulfill. His continued movement of stolen funds and acquisition of luxury goods led to a court decision to extend his sentence significantly beyond federal guidelines. In court, evidence of Truglia boasting about hiding stolen crypto was pivotal in the judge's decision. Prosecutors revealed he had allowed co-conspirators to use his crypto accounts, retaining roughly $673,000 while claiming to have $53 million in assets. The resentencing comes after repeated failures to honor repayment deadlines, demonstrating a pivotal shift in how the legal system addresses cryptocurrency theft.

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