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