NY Man Pleads Guilty in $20 Million SIM Swap Theft
A 24-year-old New York man who bragged about helping to steal more than $20 million worth of cryptocurrency from a technology executive has pleaded guilty to conspiracy to commit wire fraud. Nicholas Truglia was part of a group alleged to have stolen more than $100 million from cryptocurrency investors using fraudulent “SIM swaps,” scams in which identity thieves hijack a target’s mobile phone number and use that to wrest control over the victim’s online identities. Truglia admitted to a New York federal court that he let a friend use his account at crypto-trading platform Binance in 2018 to launder more [...]