Brooklyn Man Who Bragged About $16M Coinbase Scam Gets Up to 12 Years
60-second summary
Brooklyn fraudster who boasted about a $16 million Coinbase scam receives up to 12 years in prison after posing as customer support, hijacking roughly 100 accounts and stealing millions; he later squandered $6 million of the loot gambling, according to his own messages, highlighting the severe legal risks and prompting tighter security scrutiny across cryptocurrency exchanges.
He posed as support staff, emptied about 100 accounts, then lost $6 million of the proceeds gambling, according to his own messages.