Brooklyn man sent to prison for 12 years for stealing $16M in a Coinbase phishing scheme

A Brooklyn man was sentenced to 12 years in prison for a $16 million Coinbase phishing scheme that scammed about 100 people across the United States. The fraudster convinced victims their accounts had been hacked, prompting them to transfer funds to him. This case underscores the ongoing threat of phishing in the crypto industry and the severe legal penalties for such crimes.