Michael Terpin, a prominent bitcoin investor, had sued the leader of a ‘SIM swap gang’ after they stole $23.8 million in bitcoin from his precious wallet.
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.
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