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Coinbase Users Targeted in $16M Crypto Theft via Phishing and Social Engineering

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A 23-year-old Brooklyn resident, Ronald Spektor, is accused of stealing $16 million from around 100 users of a global crypto platform by impersonating customer support. The scam involved phishing and social engineering tactics, exploiting user trust and fear. The incident highlights the need for better user education on a user-friendly crypto exchange. Despite advanced security, the breach has sparked discussions on improving awareness to prevent similar attacks. Market reactions have been calm so far.
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