Crypto Investor Sues New York Teen for $71.4 million in SIM-Swap Saga

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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 damages under RICO for a grand total of $71.4 million.



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