- Brooklyn man charged with $16M crypto scam, targeting 100+ Coinbase users nationwide.
- Victims tricked into sending funds to fake “safe wallets”; $500K recovered so far.
- Defendant laundered crypto through exchanges, gambling, and digital asset purchases.
A 23-year-old Brooklyn man has been charged with orchestrating a massive crypto phishing and social engineering scheme that defrauded nearly 100 Coinbase users across the United States of almost $16 million.
Brooklyn District Attorney Eric Gonzalez announced the indictment on Friday. It alleges that the defendant, Ronald Spektor of Sheepshead Bay, posed as a Coinbase representative to convince victims that their accounts were under threat and needed to be transferred to new wallets controlled by him.
Scam Targeted 100 Victims Nationwide
According to the DA’s office, the scheme involved contacting users via phone calls, emails, and spoofed two-factor authentication alerts. Believing they were communicating with legitimate Coinbase staff, victims transferred their crypto assets to Spektor-controlled wallets.
Victims spread across the country, with reported losses including:
- Over $1 million from a California resident
- Approximately $900,000 from a Virginia resident
- $53,150 from a Pennsylvania man
- $38,750 from a Maryland woman
The investigation revealed that the stolen funds were laundered through crypto exchanges, gambling platforms, and digital asset purchases. About $105,000 in cash and $400,000 in crypto have been recovered so far, with additional assets still being traced.
The DA’s Virtual Currency Unit noted that the defendant used online forums, Telegram channels, and Discord to brag about his activities and recruit others to assist in scams.
Spektor allegedly used the handle @lolimfeelingevil on Telegram, operating a channel called “Blockchain Enemies” to boast about his thefts and gambling losses, and to instruct others on social engineering tactics.
Legal Action and Arrest
Spektor was arraigned on Friday before Supreme Court Justice Danny Chun on a 31-count indictment. It includes first-degree grand larceny, first-degree money laundering, and scheme to defraud. He is currently being held on bail.
District Attorney Gonzalez highlighted the seriousness of crypto fraud, stating:
Coinbase’s Chief Legal Officer, Paul Grewal, praised the DA’s office for its work. He noted the company’s cooperation in identifying the perpetrator, providing evidence, and tracing stolen funds.
Tips to Avoid Cryptocurrency Scams
The DA’s office reminded the public to:
- Never transfer crypto based on unsolicited calls or emails
- Verify communications using official in-app support channels
- Use strong account protections like two-factor authentication or security keys
- Avoid acting under pressure and verify information independently
The DA’s Virtual Currency Unit investigated the case with assistance from Coinbase, Flashpoint, and multiple law enforcement and digital forensics teams.
Related: Billions Lost to Crypto Scams Push U.S. Senators to Act
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Source: https://coinedition.com/brooklyn-man-indicted-in-16-million-coinbase-phishing-scheme-targeting-100-users/
