Brooklyn man sentenced to up to 12 years over $16 million Coinbase scam
Brooklyn man gets up to 12 years over a $16 million Coinbase scam
A Brooklyn man who bragged about a scam worth $16 million tied to Coinbase has been sentenced to up to 12 years, according to a Decrypt report published on September 24, 2026.
Coinbase is one of the largest cryptocurrency exchanges, meaning a platform where people buy, sell and hold digital assets.
What the Decrypt headline states
- The man is from Brooklyn.
- He bragged about a scam valued at $16 million that involved Coinbase.
- He has received a sentence of up to 12 years.
What has not been confirmed in the supplied material
The material provided for this article contains the Decrypt headline, the publication date and the article link, but not the full text of the report. Because of that, the man's name, the court and judge involved, the exact charges, the date of the sentencing hearing and how the scam worked are not confirmed here.
It is also not clear whether the term of up to 12 years is a maximum set by a judge, part of a plea agreement or something else, and whether any repayment of money was ordered.
Sources
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.
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