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

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: Decrypt
Brooklyn Man Who Bragged About $16M Coinbase Scam Gets Up to 12 YearsWorldPing
Image via Decrypt.

What happened

He posed as support staff, emptied about 100 accounts, then lost $6 million of the proceeds gambling, according to his own messages.

Key facts

  • He posed as support staff, emptied about 100 accounts, then lost $6 million of the proceeds gambling, according to his own messages.
  • Reported by Decrypt and published Thu, 24 Sep 2026 09:00:46 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. The data proves it: Bitcoin doesn't care about rising bond yields over long-term

Sources

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

Read the full report at Decrypt

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Related WorldPing coverage

British Banking Lobby UK Finance Expels CoinbaseWorldPing
Bitcoin.com

British Banking Lobby UK Finance Expels Coinbase

British trade association UK Finance expelled U.S. crypto exchange giant Coinbase from its membership after an internal evaluation concluded that standalone crypto exchanges fail to meet core inclusion standards.

Brief by WorldPing · Original reporting by Bitcoin.com