in ,

Cryptocurrency Investor Granted $75.8 Million by US Court in a Cyber-Theft Case

California Superior court settled a cryptocurrency theft case in favor of the investor, Micheal Turpin, who was awarded $75.8 million in the settlement ordered by the court as reported by New York Reuters.

Michael Turpin had earlier filed a case against AT&T for negligence which led to the cryptocurrency theft worth 24 million in 2017. Later, after probing into the matter, a 21-year old suspect Nicholas Truglia was identified as the thief who is reportedly involved in six similar heists.

The amount that he stole from Turpin was the highest amongst them. Turpin then went ahead to file a case against Truglia in the Calfornia Court.

Reportedly, the suspect was caught by the personal messages he sent to his friends after pulling the heist. His friend Chris Davis also confirmed in his affidavit that Truglia lived a luxurious life with private jets, sports cars, and Rolex watches. In one of his text, he said.

“I’m a millionaire. I’m not kidding. I have 100 Bitcoin.”

The court ordered the…

Read Full Story : Coingape

2019-05-13 04:55:23

What do you think?

0 points
Upvote Downvote

Written by Coingape

Litecoin (LTC) Price Analysis: Rally Takes Break But Not Likely Over

Crypto Market Consolidating Gains: Bitcoin Cash, BNB, EOS, TRX Price Analysis