Palm Coast Man Sentenced to 10 Years in Federal Prison for $13 Million Cryptocurrency Fraud
Federal prosecutors say 20-year-old Noah Michael Urban, also known as “King Bob,” stole millions through SIM-swaps and phishing schemes before FBI agents seized $4.8 million in cryptocurrency.
JACKSONVILLE, Fla. — A Palm Coast man has been sentenced to a decade in federal prison for his role in a multi-million-dollar cryptocurrency theft scheme that targeted victims across the country.
Senior U.S. District Judge Harvey E. Schlesinger sentenced 20-year-old Noah Michael Urban, also known by aliases including “King Bob,” “Sosa,” “Elijah,” and “Gustavo Fring,” to 10 years in prison. In addition to the prison term, Urban was ordered to forfeit approximately $4.8 million in cryptocurrency and other assets and to pay $13 million in restitution to victims. He pleaded guilty to conspiracy to commit wire fraud, wire fraud, and aggravated identity theft on April 4, 2025.
According to court records, between August 2022 and March 2023 Urban and others conducted “SIM swap” attacks to hijack victims’ phone numbers, obtain their personal identification information, and gain unauthorized access to cryptocurrency accounts. Investigators said he stole digital assets from at least 59 victims.
Prosecutors also said Urban was part of a group that targeted employees of companies nationwide with phishing text messages. Stolen credentials were then used to access non-public company data and compromise additional cryptocurrency accounts. The group further exploited leaked data sets and other sources to steal millions of dollars in virtual currency.
When the FBI executed a search warrant at Urban’s residence, agents found evidence on his computer tying him to victims’ accounts and discovered about $4.8 million in stolen cryptocurrency on his devices. The total financial loss exceeded $13 million, investigators said.
The case was investigated by the Federal Bureau of Investigation. It was prosecuted by Assistant U.S. Attorney John Cannizzaro of the Middle District of Florida and Assistant U.S. Attorney Lauren Restrepo of the Central District of California.
