SIM Card Swindler 'Baby Al Capone' Agrees To Pay Back $22 Million To Hacked Crypto Investor
A young man who was not even old enough to drive back in 2018 managed to yoink nearly $24 million from a major crypto investor's account. Now, over four years later and thousands likely invested in both an investigation and lawyers fees, Michael Terpin can now claim he has reclaimed $22 million from the the original hack, according to a recently filed agreement. From a report: The original complaint filed in New York Southern District Court back in 2020 named the then-18-year-old Ellis Pinsky of leading a 20-person group that met on the OGUsers' forum that attacked people's crypto wallets using stolen SIM card data. Pinsky allegedly performed this hack when he was only 15 years old while living with his mother in upstate New York. The only other hacker named in the original complaint was 20-year-old Nick Truglia, who had been previously jailed on federal charges for a separate crypto theft. Terpin was a major name in the tech and crypto world, especially back in the late 20-teens as the co-founder of crypto investment firm BitAngels along with early work launching Motley Fool and Match.com. At the time, Terpin's phone hack was one of the largest crypto hacks of its kind. Nowadays, however, $24 million would be chump change to some of the funds modern crypto hackers seem to be rolling in by attacking crypto exchanges, protocols, and cross-chain bridges.
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