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Investor Awarded $75 Million in Civil Lawsuit Against 21-Year-Old Who Stole His Crypto

Michael Terpin, a U.S. entrepreneur and cryptocurrency investor who’s seen SIM swappers steal millions worth of cryptocurrency from him, has recently been awarded $75.8 million in a civil judgment against a man who was reportedly part of a scheme to defraud him.

According to Reuters, the California Superior Court last week ordered Nicholas Truglia, a 21-year-old New York resident, to pay the amount in compensatory and punitive damages, making this one of the largest judgements awarded to an individual in a cryptocurrency-related case.

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