- Ellis Pinsky is the young cryptocurrency hacker, who stole big crypto worth $23.8 million from an investor Michael Terpin.
- Terpin subjected him to a $71.4 million civil lawsuit.
- Starting in the year 2018 a 16-year old Pinsky’s accomplice, submitted a police report to the New York City police station.
Ellis Pinsky is the young cryptocurrency hacker, who apparently desired to steal a big crypto amount of $23.8 million from an investor Michael Terpin. His interest was in planning a retirement after the robbery at the age of 15. Later at the age of 18, Terpin subjected him to a $71.4 million civil lawsuit. This was in lieu, for thrice the amount that Ellis stole from him at the age of 15.
The Beginning of Hacking For Pinsky
At some point Ellis also said to the informant that “if I wish I could buy you and your whole family, I have $100 million USD”. This was also a part of Terpin’s complaint. Terpin also said that some records also indicate that Pinsky had $70 million. Terpin mentions that, he and his lawyer team also agree to Pinsky’s honesty when he texted one of Terpin’s informants that he still has $100 million buried.
At first, Pinsky was involved in gambling which is the main reason according to the informants which provided Ellis a gateway to hack. As his craving for money rose due to gambling, he started finding the wrong ways for making easy money and finally resorted to hacking. Ellis visited several gaming chat rooms where many of the hackers showed off their robberies. This finally led Pinsky to teach himself to hack and he first started by how to steal username for Skype and Discord.
Pinksy’s recruitment of his accomplices including Nick Truglia started when his involvement began in the SIM swap attack. Nick’s arrest in November 2018 happened for his connection with the other SIM swap attacks. And in the previous year, Terpin won the civil lawsuit against Pinsky for $ 75.8 million.
Spilling of the Beans by Pinsky’s Accomplice
Starting in the year 2018 a 16-year old Pinsky’s accomplice, submitted a police report to the New York City police station. The 16-year-old kid’s recruitment to launder the Terpin funds claimed the reports. And he was threatened for putting $700000 in the wrong wallet.
He also mentioned that Pinsky always asked him to get him more and more money. This should be done by any means like selling drugs, shoes, or in some other way. He always asked me for $3000 to $4000 in a week. The accomplice remembered that Ellis also threatened to kill her and her mother, as per the New York Police reports.
Pinsky sent $2 million in cryptocurrency, some cash, and a $100000 watch to the investor. However, he didn’t admit to any guilt, after Terpin’s lawyer contacted Pinsky’s mother. Pinsky used all his wealth for living a lavish lifestyle.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.