πΈ 23 years old, Brooklyn, $16 million β 12 years in prison Ronald Spektor called people, posed as a Coinbase security rep and told them their account had been hacked β move your funds to a safe wallet, now. Nearly 100 people believed him. The money was laundered through exchanges, crypto swaps and gift cards. A New York DA sentenced him to 12 years, plus $16 million in restitution and $500,000 in forfeitures. WhiteBIT puts social engineering at 41% of all crypto incidents last year. Criminals are done targeting exchanges β they're coming straight for people. Coinbase will never call you. If the call feels urgent β that's the scheme. CoinDesk
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