2018 cryptocurrency theft
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In 2018, Ellis Pinsky, 15 years old, was accused of orchestrating a scheme to steal millions of dollars' worth of cryptocurrencies from Michael Terpin, a prominent cryptocurrency investor. The scheme involved a social engineering technique known as the SIM swap scam. The case attracted significant attention due to Pinsky's young age and the substantial amount of money involved. It raised questions about the security of digital assets and the challenges in regulating and prosecuting crimes in the rapidly evolving world of cryptocurrencies. Pinsky later reached a settlement to return $22 million in cryptocurrency to Terpin.[1][2][3][4][5] In May 2020, Pinsky experienced a home invasion by intruders searching for remaining stolen assets.[6]
References[edit]
- ^ "How 'Baby Al Capone' Pulled Off a $24 Million Crypto Heist". Rolling Stone.
- ^ "The 15-year-old boy who stole $24 million in cryptocurrency". El País.
- ^ "When Crypto Scammers Stole $23 Million, This Victim Found Them". Bloomberg.
- ^ "'Evil mastermind of cyberscam was Ellis Pinsky, 15'". The Times (Archived). Archived from the original on 2021-09-13. Retrieved 2023-09-08.
{{cite web}}: CS1 maint: bot: original URL status unknown (link) - ^ Barr, Kyle (2022-10-14). "SIM Card Swindler 'Baby Al Capone' Agrees to Pay Back $22 Million to Hacked Crypto Investor". Gizmodo.
- ^ "The 15-year-old boy who stole $24 million in cryptocurrency". El País.