Digital asset security firm, Ngrave, announced two new advisors in May so far — Michael Terpin, a pioneering crypto investor who co-founded BitAngels in 2013, and renowned cryptographer Jean-Jacques Quisquater, who is quoted in the Bitcoin (BTC) whitepaper. The appointments come ahead of Ngrave’s launch of sales for its Zero hardware wallet — which goes on sale via Indiegogo on May 26. Pioneering crypto investor Michael Terpin joins Ngrave On May 15, Ngrave revealed its appointment of Michael Terpin, announcing that he would be tasked with advising the firm on “public relations and business strategy.” “Security is one of the …

Investor Michael Terpin is suing a New York teenager for $71.4 in damages for allegedly stealing $23.8 million in cryptocurrency from him in 2018. It’s the latest legal action in a long running saga. Ellis Pinsky of Irvington, New York, along with his co-conspirators reportedly managed to snatch $23.8 million worth of cryptocurrency in a SIM swap from the plaintiff. At the time of the alleged crime, Pinsky was just 15 and a representative for Terpin said he had returned $2 million of the funds. Now he is 18 Terpin is suing for the remaining millions plus three times the …

Crypto investor Michael Terpin has filed an opposition to telecom giant AT&T’s motion to strike out his $200 million punitive damages claim in the long-running SIM swap case Terpin was the victim of attacks in 2017 and 2018 and lost $24 million in cryptocurrency. The investor asserts that his device was compromised as a result of AT&T’s negligence. A SIM swap attack typically occurs when a criminal tricks a carrier into switching a victim’s phone number to a SIM card they control, in order to accept 2FA prompts. This allows a scammer to steal cryptocurrency. Terpin told Cointelegraph he was …

On Feb. 24, a California federal judge ruled that cryptocurrency investor Michael Terpin can proceed with his lawsuit against telecom corporation AT&T over a $24 million SIM hacking incident. Terpin is arguing that an AT&T agent who was bribed by a criminal gang supplied data that allowed the hackers to steal $24 million worth of cryptocurrency in January 2018. Terpin is a prominent cryptocurrency investor who founded BitAngels in 2013. On June 11, 2017, hackers were purportedly able to gain control of the investor’s phone number through a SIM swapping attack — allowing them to impersonate Terpin and convince one …

The federal judge overseeing Terpin Vs. AT&T has dismissed the motion. This news is the latest in a legal battle pertaining to crypto stolen via SIM-swapping that has been going on for almost a year industry news outlet, The Block, reports on July 26. As Cointelegraph previously reported, in August last year Terpin filed a lawsuit against AT&T, since he believes that the telecoms giant had provided hackers with access to his phone number, which led to a major crypto heist. Earlier this month the federal judge overseeing the case has also denied the telecom giant’s motion for dismissal. Per …

United States blockchain and crypto investor Michael Terpin has won $75.8 million in a civil case against 21-year-old Nicholas Truglia, who reportedly defrauded him of crypto assets. Reuters reported the news on May 10. Per the report, the California Superior Court last week ordered Manhattan resident Truglia to pay the amount above in compensatory and punitive damages. The amount is reportedly one of the largest court judgments awarded to an individual in the crypto space thus far, Reuters notes. As previously reported, Terpin filed the complaint against Truglia in particular in late December, after first filing a lawsuit against AT&T …

This interview has been edited and condensed. Michael Terpin is an American blockchain and crypto investor who has worked with over 100 projects running Initial Coin Offerings (ICOs) since entering the blockchain space in early 2013. Terpin co-founded BitAngels in 2013 and, more recently, founded blockchain PR firm Transform Group. The investor and entrepreneur recently hit mainstream and crypto media headlines following his high profile case against U.S. telecom giant AT&T. Terpin is suing AT&T for negligence that allegedly resulted in the theft of over $24 million of Terpin’s crypto holdings. Cointelegraph sat down with Terpin at BlockShow Americas in …