Nicholas Truglia 18-Month Sentence
Share this article
An editor at Coincrop
02 Dec 2022 | 2 min read
or his part in a scheme to steal millions in cryptocurrency, hacker Nicholas Truglia was sentenced to 18 months, 12 of which he has already served. This according to Bloomberg News.
Nicholas Truglia, 25, pleaded guilty to conspiracy of wire fraud last year and will now serve 18 months in prison according to Bloomberg News. During the hearing, Truglia also agreed upon paying $20 million in restitution.
In May 2019, Terpin won a $75.8 million judgment against Truglia in civil court, which was one of the largest judgements against an individual at the time.
Truglia, whose assets include $53 million in cryptocurrencies, art, and jewellery, the hearing revealed, agreed to pay over $20 million in restitution.
MikeAn editor at Coincrop
Mike is a Coincrop staff writer based in the UK, covering the best rates for cryptocurrency earning and borrowing products. When not at work, he's likely putting his latest car project back together.
CoinLoan combine the best of traditional and novel finance helping you borrow, swap and grow your assets.
Compare over 47,145 CeFi and DeFi products across more than 224 organizations here