High Alert

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

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: CoinDesk
Brooklyn man sent to prison for 12 years for stealing $16M in a Coinbase phishing schemeWorldPing
Image via CoinDesk.

What happened

The fraudster managed to scam about 100 people across the United States, convincing them of transferring funds to him, claiming their accounts had been hacked.

Key facts

  • The fraudster managed to scam about 100 people across the United States, convincing them of transferring funds to him, claiming their accounts had been hacked.
  • Reported by CoinDesk and published Thu, 24 Sep 2026 11:33:57 UTC.

Why it matters

Digital-asset markets react to catalysts within minutes, and liquidity, ETF flows and regulatory signals are usually what decide whether a move sticks.

What to watch next

  • Whether spot volume and open interest confirm the move
  • Liquidation clusters around the current price
  • ETF flow data and any regulatory follow-up

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

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

  2. British Banking Lobby UK Finance Expels Coinbase

  3. Brooklyn Man Who Bragged About $16M Coinbase Scam Gets Up to 12 Years

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

Sources

The original report was published by CoinDesk. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at CoinDesk

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