Brooklyn man sentenced to up to 12 years for $15.94M Coinbase impersonation scam
- —Spektor defrauded about 100 Coinbase users of $15.94 million
- —Some victims lost more than $1 million each
- —He pleaded guilty to all 31 counts on September 2
- —He was sentenced to 4–12 years and must repay nearly $16 million
Why it matters: The case highlights how social engineering bypasses exchange security and raises reputational and regulatory risk for Coinbase.
Source: Newsbit