Key facts
- Ronald Spektor, 23, was sentenced to 4-12 years in prison.
- Spektor defrauded over 100 Coinbase users.
- The scam involved approximately $16 million in stolen funds.
- Spektor impersonated Coinbase, claiming users' funds were at risk.
Ronald Spektor, 23, has been sentenced to between four and 12 years in prison for a phishing scam that targeted Coinbase users. Spektor impersonated the cryptocurrency exchange, falsely claiming that users' funds were at risk, which led them to reveal their account information. The scheme resulted in the theft of approximately $16 million from over 100 individuals.