Brooklyn man sentenced to 12 years in prison for scamming $16 million on Coinbase
- Ronald Spektor, 23 years old, sentenced to 4–12 years for scamming $15.9 million on Coinbase
- Charges: social engineering phishing scheme targeting Coinbase users
- Verdict: up to 12 years in prison, reflecting the severity of the case
- Target: recover money from users, no details mentioned about the amount recovered
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Source: The Block