Man sentenced to 4-12 years for $16 million Coinbase phishing scam

Ronald Spektor, 23, of Brooklyn, was sentenced to 4 to 12 years in prison for a phishing and social engineering scheme. Over a year, he impersonated Coinbase customer support to trick approximately 100 U.S. users into transferring cryptocurrency to his wallets, stealing nearly $15.94 million. He pleaded guilty to 31 charges, including first-degree money laundering and grand larceny, and was ordered to pay nearly $16 million in restitution.