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Brooklyn Resident Charged in $16 Million Coinbase Phishing Operation

Key Takeaways

  • Brooklyn’s Ronald Spektor is accused of stealing $16 million in crypto from about 100 Coinbase users through a phishing scam;
  • Prosecutors say Spektor posed as a Coinbase worker and tricked victims into sending funds he later tried to hide online;
  • Spektor faces 31 charges after a yearlong probe that seized $500,000; he allegedly bragged about the thefts on Telegram.​

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Brooklyn Resident Charged in $16 Million Coinbase Phishing Operation

A Brooklyn resident, Ronald Spektor, has been accused of stealing about $16 million in cryptocurrency from around 100 Coinbase users, prosecutors said on December 19.

Authorities stated on December 19 that Spektor used the online name “lolimfeelingevil” and ran a scam that tricked people into sending him their digital money.

He reportedly posed as a Coinbase employee and told users that their accounts were at risk of being hacked. Worried about losing their savings, victims were persuaded to move their funds into accounts controlled by Spektor.

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According to prosecutors, once he gained access to the money, Spektor tried to conceal its source. He allegedly used online services that mix or swap cryptocurrency and also placed bets on gambling websites to move the stolen assets around.

The Brooklyn District Attorney’s Office said its yearlong investigation led to the seizure of about $105,000 in cash and nearly $400,000 in digital currency. Officials said they are still working to recover additional funds.

Spektor now faces 31 criminal charges, including grand larceny, money laundering, and fraud. He was arraigned in court on Friday.

Investigators also said Spektor often bragged about his actions in an online Telegram chat group called “Blockchain enemies". In some messages, he claimed to have lost $6 million while gambling with cryptocurrency.

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Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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