Recent judicial developments show that a highly followed Crypto Assets theft case has made new progress. The main suspect, Nicholas Truglia, was originally sentenced to 18 months in prison for allegedly stealing $22 million worth of encryption. However, due to his failure to fulfill a previously reached compensation protocol of $20.4 million, Judge Alvin Hellerstein of the Southern District of New York made a new ruling on July 10, 2025, significantly extending Truglia's sentence to 12 years.
The victim of this case is Michael Terpin, the CEO of Transform Group. It is understood that the crimi
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