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Brooklyn Man Indicted in $16 Million Coinbase Phishing Case Has Bail Raised to $2.5 Million

Prosecutors allege he impersonated Coinbase support to siphon funds from about 100 users.

Overview

  • A Brooklyn judge increased Ronald Spektor’s bond to $2.5 million after prosecutors cited alleged plans to flee and a $600,000 crypto transfer to someone in the nation of Georgia.
  • Spektor pleaded not guilty to a 31-count indictment that includes first-degree grand larceny, first-degree money laundering, and a scheme to defraud.
  • Investigators say the operation ran from April 2023 through December 2024, with Spektor posing as Coinbase support to induce victims to move assets into wallets he controlled.
  • Authorities report he routed stolen funds through mixers, token-swapping services, and gambling sites, with seizures to date totaling about $105,000 in cash and roughly $400,000 in crypto.
  • The case drew on Coinbase’s cooperation and research publicized by blockchain sleuth ZachXBT, and prosecutors have identified Spektor’s father as an active suspect after a judge previously rejected his attempted bail payment over source-of-funds concerns.