The Brooklyn District Attorney’s Office announced that a 23-year-old Brooklyn resident has been charged with orchestrating a large-scale phishing scam that duped nearly $16 million from about 100 Coinbase users, highlighting a notable cryptocurrency crime case.
The suspect allegedly posed as Coinbase customer support, duping victims into transferring assets to the attacker’s personal address and then laundering the proceeds through a cryptocurrency mixer.
Authorities have recovered roughly $105,000 in cash and about $400,000 in cryptocurrency to date.
Coinbase CEO Brian Armstrong said the perpetrator will be held accountable and brought to justice.