Brooklyn man gets up to 12 years over $16 million Coinbase social engineering scheme

Ronald Spektor, 23, of Brooklyn, was sentenced to four to 12 years in prison for a $15.9 million Coinbase phishing scheme. The court handed down the sentence on September 24, 2026. Spektor's fraudulent operation targeted Coinbase users, resulting in significant financial losses. The sentencing marks a notable enforcement action in the crypto space, highlighting the legal consequences of phishing attacks against cryptocurrency exchanges and their customers.