Brooklyn Man Gets 12-Year Prison Sentence for $16M Coinbase Phishing Fraud

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A Brooklyn man has been sentenced to 12 years in prison for orchestrating a large-scale phishing scheme targeting Coinbase users. The fraudster defrauded approximately 100 victims across the United States, stealing a total of $16 million. He deceived victims by falsely claiming their accounts had been compromised, prompting them to transfer funds directly to him. The scheme highlights growing risks of social engineering attacks targeting cryptocurrency platform users.

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