[ECONOMY] Hackers stole millions of Bitcoin from Michael Terpins electronic wallet. Read here exactly how they did it!

One tweeted: "Stole 24 million but can’t stay away from drugs".
And they flashed they got a lot of money.

At 1:30 on a Sunday afternoon in January 2018, Michael Terpin was on his laptop, prepping for a conference in Las Vegas. His iPhone buzzed with an incoming message. Google was notifying him that his e-mail passcode had been changed.

Terpin hadn’t changed it.

Fearing he’d been hacked, the 62-year-old tech entrepreneur checked a second phone, an old Blackberry, to see if it had been compromised. The Blackberry was crippled, ­unable to go online or receive calls.

Within 10 minutes, Terpin contacted AT&T to demand that his Blackberry account be shut down. It was a race against time to stop a group of cyber-bandits. The group’s goal? To steal millions of dollars in virtual cash that Terpin, a pioneer in the field of cryptocurrency, had amassed and stashed online.

Within 30 or so minutes, as Terpin frantically searched through some 50 crypto accounts to confirm they were secure, the thieves struck gold on one that he had yet to check. “An asset worth $23.8 million, accumulated over about two years, was taken from me,” Terpin told The Post and added “Now it’s gone.”


On image: Michael Terpin.


Terpin was the victim of a cutting-edge scam known as SIM swapping. Tech-smart thieves managed to swap Terpin’s digital identity remotely from the SIM card that controlled his Blackberry to a blank SIM card in one of their phones.

One crypto bandit spent $250,000 on a McLaren automobile, and Truglia talked about buying his own jet, as related in a court document.
They were, according to the investigator, “living like rappers in music videos.”

But for Truglia, the money didn’t bring only happiness and class.
After the Terpin heist he tweeted “Stole 24 million, but can’t stay away from drugs”­




On images: Nicholas Truglia, thief, to the left, and Joel Ortiz, read more about him later, standing in center, next to Mayor Marty Walsh, left, and then public schools Superintendent Tommy Chang in Boston. Ortez was a 'valedictorian' = a student, typically having the highest academic achievements of his class.

Quote: “Nobody can get me in trouble,”
“Nobody can put me in jail. I would bet my life on it, actually.”

And according to one person, Truglia scammed his own father out of $15,000 earlier,
and he also “took delight in cheating people” and did also “beat his small dog, hitting him with his fists and a broom stick”
— a charge Truglia of course denied to The Post. ­

------------------------------
He is now in jail.
------------------------------






Crypto’s signature qualities appeal to privacy advocates and thieves alike. Theft, said Brian Krebs, owner of the cyber-news site KrebsOnSecurity, is “irreversible.” What you lose, he said, you can’t get back.



Over the past 15 months, more than $50 million in cryptocurrency has been stolen from accounts like Terpin’s. He kept a portion of his virtual cash in a digital vault called a “native wallet,” which required a string of 12 random words to unlock. The hackers were able to cobble the code together once they hijacked his phone and wormed into his e-mail — both of which were shockingly easy to do.

“It begins with finding a target and his wireless carrier,” Terpin said. As he alleged in a court document, an employee in a Norwich, Connecticut, AT&T store had been induced to “port over my wireless number to an ­imposter with a new SIM card.”

One of the thieves then contacted Google and claimed to have forgotten his Gmail code. As is standard, Google texted a recovery code to the phone number on file — in this case, Terpin’s Blackberry, which the thieves now controlled.

They changed the code, freezing Terpin out. A cadre of confederates, communicating in an online chat room, ransacked Terpin’s ­e-mail, finding clues that led to everything from his Skype account to private databases containing personal information.

Seconds after breaking into Terpin’s wallet, the crew transferred $23.8 million into an online account they controlled. Forty-eight hours later, said Terpin, the thieves had laundered the crypto and presumably divvied up their haul.

“Your phone goes dead and theirs is alive,” Terpin said. “Then they own you.”
[ POLITICAL AVENUE REMARK: Own your credit balance and digital accounts, which is more correctly.]

One of Terpin’s key suspects in that multimillion-dollar takedown, according to a lawsuit he filed, is ­21-year-old Nicholas Truglia.

Truglia, who grew up in New Jersey, was, at the time of the hit, a registered student at Baruch College. (Late last year, weeks prior to his arrest, when being a suspect, he told The Post he was on “a leave of absence from Harvard.”) Either way, he hardly lived like an undergrad student.

His apartment in the Sky building overlooking the Hudson rented for $6,000 a month and a visitor named Chris David said Truglia piled stacks of $100 bills on a credenza. As David, a private-jet broker in his 20s, reported in a court document, “Nick told me that [the] bundle contained over $100,000. At the same time, Nick showed me two thumb drives. One had over $40 million cash value of various cryptos.”


On image: David said he took this photograph of a license Truglia had in his possession. The license includes Truglia's photograph, but the information is from a dead man.


In the same document, David claimed Truglia told him he made his fortune by stealing crypto, which for example explained his $100,000 Rolex. One night, in a crowded lounge, David stated in a court document, “[Truglia said], ‘Chris, I have more money than all the people here ­tonight.’ ”






The scams began to unravel in March 2018, after a Cupertino, California, executive named Mitch Liu lost $10,000 in cryptocurrency.

Though it was a relatively small sum, law enforcers at the Regional Enforcement Allied Computer Team (REACT), an investigative unit in Silicon Valley, were intrigued.

“We didn’t know how bad guys could convince a carrier to switch over a phone number,” said Samy Tarazi, a sergeant at the Santa Clara County Sheriff’s office and a task-force supervisor with REACT. “We started following the [number] and realized that contact with the e-mail service had to connect to a cell tower somewhere.”

In Liu’s case, messages went from zipping around the Bay Area to pinging back and forth from a cell tower in Boston. But the area encompassed dozens of city blocks. “From there,” said Tarazi, “we found the IMEI [International Mobile Equipment Identity] number of the phone that AT&T had switched the SIM card [information] to.”

Every phone has a unique IMEI number just as every car has a unique VIN number. Most every online business records the number when it has contact with a customer. “We took the IMEI number used in the crime and cross-referenced it with Apple and Google,” Tarazi said. “We found it associated with an e-mail account used by Joel Ortiz,” then 18 and a school valedictorian. “We wanted to see where it would go, got the contents of his [e-mail] account and, basically, we had his life.” In other words, they did to the hacker what hackers did to their targets.

Tarazi and his team discovered that Ortiz lived with his mother in a modest Boston home, about a mile and a half from Harvard. Through Ortiz’s braggy social media posts, investigators tracked him down.

‘He was taking helicopter tours around Las Vegas, partying at fancy nightclubs in LA, staying at mansions in the Hollywood Hills.’




When Ortiz posted about plans to attend an EDM festival in Belgium, REACT decided to move in. They busted him at Los Angeles International Airport. He was easy to spot, dressed head-to-toe in Gucci. By the time Tarazi and his team finished interrogating Ortiz, the straight-A student was in tears, said the investigator.

Ortiz confessed and took a plea bargain of 10 years in prison, for stealing what Tarazi believes to be $5 million to $15 million in cryptocurrency. Since the start of 2018, five crypto bandits — all ages 18 to 26 — have been arrested, said Tarazi, who believes dozens more remain 'out there'.

Truglia is the latest to be brought down. REACT, working with the Manhattan District Attorney’s Office, arrested him in a raid at his Manhattan place last November. He was charged with stealing $1 million in cryptocurrency from a Bay Area retiree.

Terpin though, who reported his theft to federal investigators, is now suing both Truglia and AT&T. He’s going after the phone company for negligence and other claims to the tune of $224 million. “I am trying to get AT&T to change things,” Terpin said. “And I want criminals brought to justice.”

A representative for AT&T responded, “Mr. Terpin is wrong, and we have asked the court to dismiss his complaint.”

Truglia’s lawyer did not respond to requests for any comment.

As for what lies ahead, Sergeant Tarazi says he’s aware that the bandits now know his tracking methods. “They adapt, we adapt,” Tarazi said. “For the scam to work, though, someone still has to give up his location. And we’re on top of that.”

The criminals revenge on the internet:




On images: Sergeant Samy Tarazi gets his share back from the criminals on the net, obviously. Found this when searching on the net for a image of Samy Tarazi, the Sheriff's Sergeant.



POLITICAL AVENUE RECOMMENDATION: Difficult to tax and trace, cryptocurrencies has become the payment of choice for all kinds of criminals. Traffickers, hackers, kidnappers, drug dealers, weapon smugglers and gamblers. It should be outlawed, to destroy their businesses.

Recommended reading [ Posts, articles, documents ]

Apr 18 1 By POLITICAL AVENUE

The definition of "political avenue" are built on the fact that a political decision affects the road of life-choices people have access to when they 'travel' through their lifes or the options politicians make available to them.

Report internet garbage on this webpage 24 hours. Apr 16 0 By POLITICAL AVENUE

On this page you can report the worst and shitty online garbage content that made it's way up to the internet.

Apr 14 0 By POLITICAL AVENUE

Police in the Netherlands are investigating the brutal torture of a bitcoin trader, whose home was raided by criminals looking for cryptocurrency.

Apr 11 0 By POLITICAL AVENUE

The Department of Justice on Thursday announced a criminal charge against Wikileaks co-founder Julian Assange, accusing him of conspiring to hack into a classified U.S. government computer.

Apr 4 0 By POLITICAL AVENUE

Honestly, check the CNBC headline:
'Alexa, find me a doctor': Amazon Alexa adds new medical skills

Amazon is moving more deeply into the $3.5 trillion health care sector.

Mar 22 0 By POLITICAL AVENUE

Want to learn more about SIGINT? -Read this.
Here's the evidence from within the NSA organization. Even when the original document is dated a bunch of years back in time, we think of it as a schoolbook example of what USA is up to.

Mar 20 0 By POLITICAL AVENUE

Twenty-nine-year old Devon Alexander, of Coraopolis, worked as a behavioral specialist at the Pace Special Education School in Churchill. The drugs included suspected cocaine, crack cocaine, raw and packaged heroin, a plastic bag of Xanax, marijuana and ecstasy.

Mar 10 0 By POLITICAL AVENUE

Why is it a brown-red ring-of-light around the moon! You know, we don't have brown-red clouds in Sweden. What causes the brown-red light around it, never seen before? The shining lasted for a total of 2-3 days and was not constant.

Mar 3 0 By POLITICAL AVENUE

World's most powerful nuclear submarines, Arkhangelsk and Severstal, are to be dismantled after 2020. The Russian federal nuclear power watchdog, Rosatom, found their further exploitation unprofitable.

-None property have space for gardens.. Mar 3 0 By POLITICAL AVENUE

The Yerdelen brothers, construction entrepreneurs from Istanbul was riding a real estate boom, and had plans to build more than 700 minicastles.

Feb 26 0 By POLITICAL AVENUE

CYBERTERRORISM is the use of modern communication technology in the commission of terrorist activities.

Feb 22 0 By POLITICAL AVENUE

At the height of his power, Escobar was said to be the seventh richest man in the world, with his Medellin drugs cartel thought to be behind -up to- 80 percent of all the cocaine shipped to the United States.

Feb 21 0 By POLITICAL AVENUE

NEW DELHI: Gearing up for its most challenging space mission, Indian Space Research Organisation (Isro) is leaving no stone unturned to make the Chandrayaan-2 (lunar-2) mission a success.

Feb 21 0 By POLITICAL AVENUE

Abwehr scored perhaps its greatest victories in the area of industrial espionage, as agents managed to steal the blueprint for every major American airplane produced in the war effort.

Feb 21 0 By POLITICAL AVENUE

Shorn on the sides, thick on top for the Kim Jong-un look; bright and blonde for the Donald Trump-loving customers. -A creative Hanoi barber is offering free cuts ahead of the leaders’ meeting in the next week in their Vietnamese capital.

Feb 21 0 By POLITICAL AVENUE

Time for a history lesson ! - Here's some old newspaper frontpages you might recognize in memory lane! *Hitler is dead* *Hindenburg* etc.
This is a relatively new post, and it will be updated later with more frontpage material.

Feb 21 0 By POLITICAL AVENUE

Hello. My name is Ed Snowden. A little over one month ago, I had family, a home in paradise, and I lived in great comfort. I also had the capability without any warrant to search for, seize, and read your communications. Anyone’s communications at any time.

Feb 21 0 By POLITICAL AVENUE

Here is the complete building, suit and telephone list to all United States Senators including the number to the Vice President (Printed in 2015 by the Sergeant at Arms).

Dec 4 0 By POLITICAL AVENUE

VX nerve agent on North Korea’s brothers face ! Courts Chemist says Kim had 1.4 times lethal dosage of VX on his face.

Feb 23 0 By POLITICAL AVENUE

BECAUSE OF THIS FACT:


High taxes prevented us from hiring the person who would have written the page you requested.

-OR BECAUSE OF THIS FACT-


Most of the news published here, you can read in tomorrow's newspaper,
or watch on your television news first in 2 - 3 hours. It's a fast robot to pick up all news fast.
Most often within 30 seconds from when the news first got released or published the first time in any part of the world.
So all news reports, from all news agencies, you have here within the same minute of release. Really quick!
We could adjust it to update every second (technically possible), but it will be considered overload of the news agencies websites, and not popular at all.
So you will have to be okey with one or two intel and news robot automatic updates per minute. Which is still the best news reporting on the market.
Considering the amount of sources we update on (over 100 https:// news channels) per minute. Everything automated 24 hours and 7 days per week.
The goal is to provide the best global overview. And to program the best free Internet tool to stay globally updated at all times.
Example: A nuclear plant outside Oslo, Norway, has a major accident. You want to know more about the situation.
Here you can follow many newsreports from several reporting sources like Reuters, AP, TASS, BBC and CNN to quickly and without to much trouble, asses more information about the accident and get a better overview of the whole situation fast! That's the greatness of this intelligence and news website.
And although some of our clients already work in intelligence agencies and have excellent reporting, they are not always at work having that access.
So when not at work and you wish to have a global update, you are of course welcome here, as the rest of us! Just type NSAROBOT.COM
Hold your mousepointer here in the grey window, or dot it, if you have touchscreen.

Click on the orange button to subscribe to the WORLD NEWS AS REPORTED - RSS FEED!

It works great if you want to have a VERY good up-to-date check of what's happening globally. This delivers all the main news directly to your computer via RSS functions. RSS is an acronym for Really Simple Syndication or Rich Site Summary. It is an XML-based method for distributing the latest news and information from a website that can be easily read by a variety of news readers or aggregators. All the world news in one easy to read RSS source / or / website intel category page, Sir & Ma'm!
We have developed the world/&/political news RSS with 1000 news items for supplying foreign intelligence agencies with global information and important intel newsitems dating up to 3 days back in time.
[ Works perfect with net/surf/software Firefox & MS Edge ]
You get all intel/newsitems delivered directly to your computer!
World CLICK HERE!Political CLICK HERE!

Updates automatically by our news and intel robot every minute.





https://www.politicalavenue.com - All the world news as reported from Washington Post.All the Reuters News Directory at https://www.politicalavenue.comAll the CNN NEWS -click here!The BEST ACCOMPLISHED website WE KNOW of /says NSA about the political avenue - https://www.politicalavenue.com.Politicians are trustworthy says politicalavenue.comhttp://www.politicalavenue.com/TASS news agency page.





Todays latest headlines [search in the database when you need facts for your report]