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COINBASE CUSTOMER SENTENCED TO 12 YEARS FOR $16M PHISHING SCHEME

• A Brooklyn man has been sentenced to 12 years in prison for stealing $16 million from Coinbase customers through a phishing scheme.
• The scammer, who was not named, used fake websites and emails to trick victims into revealing their account credentials.
• Coinbase has been a frequent target for phishing attacks, with many users losing money to scammers.
• The sentence is a significant blow to those who engage in cryptocurrency scams, highlighting the severity of the punishment.

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📡 Via CoinDesk

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