Bitcoin

Cryptocurrency investor sued New York teen for SIM exchange for $ 71.4 million

The investor Michael Terpin is suing a New York teenager for $ 71.4 million in damages for allegedly stealing $ 23.8 million in cryptocurrency in 2018.

This is the last legal measure in a long saga. Ellis Pinsky from Irvington, New York, with her co-conspirators, They reportedly managed to steal $ 23.8 million in cryptocurrency from the plaintiff via a SIM card exchange.

At the time of the alleged crime, Pinsky was only 15 years old and a representative from Terpin said he had returned $ 2 million of the funds. Now that he’s 18, Terpin is suing the remaining million plus triple damages under RICO totaling $ 71.4 million.

Cryptocurrency investor sued New York teen for SIM exchange for $ 71.4 million
Cryptocurrency investor sued New York teen for SIM exchange for $ 71.4 million

In May 2019 Terpin won a $ 75 million civil lawsuit against Nicholas Truglia, a so-called Pinsky co-conspirator. Reuters cited Terpin in court documents:

“On the surface, Pinsky is an ‘All American Boy’. Things have changed.”

It is unclear whether Pinsky has the money to compensate Terpin. if the court decides in favor of the plaintiff.

Terpins litigation

Terpin is also involved in a legal dispute with ATT. Accused company officials of inadequate security measures and sued the company for $ 240 million. In court, his lawyers said:

“The main argument from Mr. Terpin is that ATT, through its executives and CEOs, has created an inadequate security system that has allowed its employees and contractors to bypass controls to implement SIM card exchange.”

Do not stop reading:

Similar Posts