Brooklyn man gets up to 12 years over $16 million Coinbase social engineering scheme
60-second summary
A Brooklyn court sentences 23‑year‑old Ronald Spektor to four‑to‑12 years in prison for orchestrating a $15.9 million phishing scheme that duped Coinbase users and siphoned funds from the exchange’s platform. Prosecutors detail how social‑engineering emails harvested credentials, enabling illicit transfers. The case underscores heightened regulatory scrutiny and reinforces industry calls for stronger authentication to curb similar crypto fraud.
A court sentenced 23-year-old Ronald Spektor to four to 12 years in prison for a $15.9 million Coinbase phishing scheme.