- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
WE-Launch
Crypto Scammer Nicholas Truglia Sentenced to an Additional 12 Years in Prison for Failure to Pay Restitution in Fraud Case
BlockBeats News, July 11th, according to The Block, convicted cryptocurrency scammer Nicholas Truglia has been sentenced to an additional 12 years in prison for failing to pay restitution related to a $20 million cryptocurrency scam.
Truglia had previously been sentenced to 18 months in 2022. According to a report from the U.S. Department of Justice, he was involved in a scam to illegally access a $20 million cryptocurrency wallet by swapping the victim's phone number-linked SIM card. Truglia assisted in draining the victims' funds and converting the assets into Bitcoin.
He pleaded guilty to conspiracy to commit wire fraud and had already served 12 months of his 18-month sentence when sentenced. During the hearing, he agreed to pay over $20 million in restitution to the victims.
You may also like
Hyperliquid Whales Shift Strategies: BTC Longs Decline, ETH Shorts Dominate
Key Takeaways A significant reduction in Bitcoin long positions has been observed on Hyperliquid, with large holders decreasing…
Crypto Christmas Heist: Over $6 Million Lost, Trust Wallet Chrome Extension Wallet Hacked Analysis
Bitcoin Surges Toward $90,000 as $27 Billion Crypto Options Expire
Key Takeaways Bitcoin’s price is nearing the $90,000 mark amid increased market activity following the holiday lull. The…
Bitcoin Options Set to Expire, Potentially Altering Price Beyond $87,000 Range
Key Takeaways A historic Bitcoin options expiry event, valued at $236 billion, is set to occur, potentially impacting…
Matrixport Predicts Limited Downside for Bitcoin Amid Market Caution
Key Takeaways Matrixport’s report suggests Bitcoin’s downside risks are decreasing, with the market moving towards a phase where…
Bitcoin and Ethereum Options Expiry Shakes Market Stability
Key Takeaways The largest options expiry in cryptocurrency history is occurring today, involving over $27 billion in Bitcoin…
Crypto Derivatives Volume Skyrockets to $86 trillion in 2025 as Binance Dominates
Key Takeaways Cryptocurrency derivatives volume has surged to an astronomical $86 trillion in 2025, equating to an average…
Kraken IPO to Rekindle Crypto’s ‘Mid-Stage’ Cycle: A Comprehensive Analysis
Key Takeaways: Kraken’s anticipated IPO in 2026 could significantly attract fresh capital from traditional financial investors, marking a…
Fed Q1 2026 Outlook: Potential Impact on Bitcoin and Crypto Markets
Key Takeaways: Federal Reserve’s policies could exert significant pressure on cryptocurrencies if rate cuts halt in early 2026.…
Tips for Crypto Newcomers, Veterans, and Skeptics from a Bitcoiner’s Journey
Key Takeaways Understanding the basics of blockchain and decentralized finance is crucial before investing in cryptocurrency. Newcomers should…
Quantum Computing in 2026: No Crypto Doomsday, Time to Prepare
Key Takeaways: Quantum computing still poses a theoretical risk to cryptocurrency security, but immediate threats are minimal due…
Trust Wallet to Reimburse $7 Million Lost in Christmas Hack: An Inside Job?
Key Takeaways Trust Wallet’s browser extension was compromised, leading to a $7 million loss on Christmas Day. The…
El Salvador’s Bitcoin Aspirations Brought Closer to Earth in 2025
Key Takeaways: Early Ambitions vs. Reality: El Salvador’s initial enthusiasm for Bitcoin adoption in 2021 faced significant challenges…
Ethereum Price: New Highs in 2026 Unlikely According to Crypto Analyst Ben Cowen
Key Takeaways Analyst Ben Cowen suggests Ethereum may not reach new highs in 2026 due to prevailing market…
Blockchains Quietly Brace for Quantum Threat Amid Bitcoin Debate
Key Takeaways Cryptocurrency networks, especially altcoins, are enhancing security to prepare for potential quantum computing threats. Bitcoin faces…
Trump’s World Liberty Financial Token Ends 2025 with a Significant Decline
Key Takeaways The World Liberty Financial token launched by the Trump family faced a turbulent year, ending 2025…
What Happened in Crypto Today: A Deep Dive into Recent Trends and Developments
Key Takeaways Bitcoin’s strong fundamentals have remained resilient despite a price drop from its peak earlier in the…
Narratives and Reality: The True Drivers Behind BTC and Altcoin Prices
Key Takeaways Bitcoin’s post-election rally was largely influenced by futures market activity, not sustained spot demand. Spot Bitcoin…
Hyperliquid Whales Shift Strategies: BTC Longs Decline, ETH Shorts Dominate
Key Takeaways A significant reduction in Bitcoin long positions has been observed on Hyperliquid, with large holders decreasing…
Crypto Christmas Heist: Over $6 Million Lost, Trust Wallet Chrome Extension Wallet Hacked Analysis
Bitcoin Surges Toward $90,000 as $27 Billion Crypto Options Expire
Key Takeaways Bitcoin’s price is nearing the $90,000 mark amid increased market activity following the holiday lull. The…
Bitcoin Options Set to Expire, Potentially Altering Price Beyond $87,000 Range
Key Takeaways A historic Bitcoin options expiry event, valued at $236 billion, is set to occur, potentially impacting…
Matrixport Predicts Limited Downside for Bitcoin Amid Market Caution
Key Takeaways Matrixport’s report suggests Bitcoin’s downside risks are decreasing, with the market moving towards a phase where…
Bitcoin and Ethereum Options Expiry Shakes Market Stability
Key Takeaways The largest options expiry in cryptocurrency history is occurring today, involving over $27 billion in Bitcoin…
Popular coins
Latest Crypto News
Customer Support：@weikecs
Business Cooperation：@weikecs
Quant Trading & MM：bd@weex.com
VIP Services：support@weex.com
App