RATE Group | The Daily: Crashing Crypto Trader Shares Advice, Bitcoin Bandit Extradited
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The Daily: Crashing Crypto Trader Shares Advice, Bitcoin Bandit Extradited

The Daily: Crashing Crypto Trader Shares Advice, Bitcoin Bandit Extradited

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The Daily: Crashing Crypto Trader Shares Advice, Bitcoin Bandit Extradited

The Daily

In Friday’s installment of The Daily, we update a story we first reported on yesterday – the closure of stablecoin project Basis. Its team have now given the official reason for its cessation. We’ll begin, though, by covering a slice of crypto crime concerning “bitcoin bandit” Nicholas Truglia.

Also read: Digital Currency Platform Revolut Receives European Banking License

Bitcoin Bandit Faces Justice

The Daily: Crashing Crypto Trader Shares Advice, Bitcoin Bandit Extradited
Truglia maintains his innocence

On Dec. 13, so-called “bitcoin bandit” Nicholas Truglia was extradited to California to face charges of hacking into the phones of major Silicon Valley players. Truglia is accused of stealing a cool $1 million in crypto from one victim through SIM swapping, also known as SIM jacking. The trick has become one…

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