Crypto Scammer Sentenced to 12 Years in Landmark SIM Swap Scheme

Summary: What is a SIM swap scheme, and why should SHIB holders care? A SIM swap scheme is when scammers trick a mobile provider into giving them control of a victim’s phone number to access accounts and steal crypto. Nicholas Truglia used this method to steal $24M and was sentenced to 12 years after failing to pay restitution. For SHIB holders using DeFi and bridges on Shibarium, understanding this tactic is key to protecting their assets. Crypto scammer Nicholas Truglia, initially sentenced to just 18 months behind bars for a 2018 SIM swap scheme, has now had his prison term The post Crypto Scammer Sentenced to 12 Years in Landmark SIM Swap Scheme first appeared on The Shib Daily source: https://news.shib.io/2025/07/11/crypto-scammer-sentenced-to-12-years-in-landmark-sim-swap-scheme/