Brooklyn Man Sentenced to 12 Years for $16M Coinbase Support Scam

Ronald Spektor, 23, was sentenced to four to 12 years in prison for orchestrating a fraudulent customer support scheme that defrauded approximately 100 Coinbase users of nearly $16 million. Posing as a Coinbase representative, Spektor convinced victims their accounts were compromised and instructed them to transfer assets to wallets he controlled. He pleaded guilty to charges including first-degree money laundering and grand larceny on September 2, with investigators tracing the stolen funds through various swaps, mixing services, and gambling platforms.