Just saw this wild case about Nicholas Truglia getting his sentence bumped up to 12 years because he ghosted on paying back what he stole. Started at just 18 months in 2022, but dude had over $61 million in assets and basically refused to pay the $20 million+ in restitution ordered by the judge. Can't make this up.

So Truglia ran a SIM-swapping scam back in 2018 targeting crypto investors around San Francisco. He basically hijacked their phone numbers to access their crypto wallets. His victim Michael Terpin lost like $24 million from this. Even sued his carrier AT&T for $224 million over the negligence.

What gets me is that Truglia supposedly showed willingness to pay at first, then just... didn't. Judge Alvin Hellerstein called him out hard on that. The whole thing shows how vulnerable phone-based security still is, especially in crypto. These SIM-swap attacks are no joke if you're holding serious assets. Pretty crazy how one scam from nearly a decade ago is still playing out in court.