$16M stolen in crypto scheme, "Operation Phish Net"

Brooklyn District Attorney Eric Gonzalez announced that his Virtual Currency Unit indicted a 23-year-old Brooklyn man in connection with a phishing and social engineering scheme that stole nearly $16 million from about 100 users of the cryptocurrency exchange Coinbase. The defendant – who used the handle @lolimfeelingevil when bragging online – allegedly contacted users purporting to be a Coinbase representative, claimed that their assets are at risk from a hacker and convinced them to transfer their money to a new cryptocurrency wallet. He then allegedly emptied out those accounts and laundered the assets by sending them to online swapping and mixing services as well as cryptocurrency gambling entities.