Nicholas Truglia, recognised for his engagement in a massive cryptocurrency theft, has been arrested again in Florida over allegations of fraud and carrying a hid weapon.

The 25-yr-antique became arrested Tuesday in Florida, Bloomberg News mentioned, noting that the instances of the brand new case have no longer but been made clean.

Last year, Truglia became sentenced to 18 months in prison for his involvement in a scam to steal digital foreign money worth over $23 million from Michael Terpin, a cryptocurrency investor.

He participated in a scheme that related a sufferer’s SIM card to any other variety.

The method, referred to as “SIM swapping,” then allowed the hackers to acquire unauthorized get admission to to a crypto wallet owned by using the victim that changed into connected to a phone range controlled by way of the scheme members.According to official statistics, inside the Terpin case, which attracted countrywide media attention, Truglia convinced an AT&T worker to transfer Terpin’s cellphone quantity onto a new SIM card throughout a SIM change. They then managed to breach Terpin’s protection accounts and went directly to get right of entry to his electronic mail and wallet passwords. Truglia then moved the stolen cryptocurrency into his pockets, main to the bathing of the cash into Bitcoin.

During the listening to last yr, it changed into discovered that Truglia had an predicted $53 million in rings, art work and cryptocurrency. As part of his punishment, he had agreed to pay over $20 million in reimbursement to Terpin.The notorious hacker became released from prison just earlier this year in January.

After being launched, the accused went to stay with his father in Ocoee, Florida.

He has now been arrested once more for alleged fraudulent activities in addition to for carrying a hid weapon.

Truglia had additionally admitted to his involvement in Rob Ross’ high-profile SIM change, wherein he controlled to take $1 million of Ross’ life financial savings. A case over the matter is ongoing.

Truglia will now must face justice once more and can be jailed for numerous years if determined responsible.

The latest incident comes as April became marred by using a chain of crypto scams, hacks, and exploits that noticed over $103 million of funds stolen from unsuspecting investors and projects. Some of the extra super hacks within the month consist of the loss of $25.4 million due to the exploit of MEV trading bots, $22 million stolen in a warm wallet take advantage of from Bitrue trade, and the hack of South Korean GDAC change main to a lack of $13 million, consistent with a file via crypto safety and auditing company Certik.

Furthermore, round $74.5 million changed into misplaced to crypto and DeFi exploits in April, making up half of of the full $a hundred forty five million exploited inside the first 4 months of the year.