Crypto
Brooklyn Man Sentenced to 12 Years for $16M Coinbase Phishing Scheme
A Brooklyn man has been sentenced to 12 years in prison for his role in a Coinbase phishing scheme that stole $16M from unsuspecting investors.
According to court documents, the individual used sophisticated tactics to trick victims into handing over their login credentials and API keys, allowing him to drain their accounts of millions.
The scam targeted high-value customers, taking advantage of the complex security systems in place at Coinbase.