Coinbase Scammer Gets Jail Time After Stealing Nearly $16 Million From Users
Ronald Spektor was sentenced in Brooklyn on Sept. 23 to a prison term of four to 12 years for his role in a Coinbase phishing and social engineering scheme. The cases tied to him put the stolen amount at about $15.9 million to nearly $16 million, with roughly 100 Coinbase users identified as victims. Separate federal coverage also described a different alleged crypto fraud case in Missouri involving money laundering charges and about $16 million sent by one victim to a fake platform.
What this rests on
Market reaction
We track BTC, but we only have 3 price points in that window. The series is stored every half hour, so newer events will have it. Computing it from two points would not be a reaction, it would be a coincidence.
How the story was built
Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.
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Thefts of a similar size
| When | What happened | Figure |
|---|---|---|
| 1.2 years ago | BtcTurk incident | $54M |
| 4.6 years ago | Cashio · Missing Input Validation incident | $52.8M |
| 4.6 years ago | Cashio · Contract vulnerability incident | $52M |
| 3.8 years ago | mgnr incident | $52M |
| 4.2 years ago | Acala incident | $52M |
4200 incidents stored · 116 were as large as this one or larger ($53M)