A man impersonating Coinbase customer service scammed approximately $16 million in cryptocurrency assets.

According to Mars Finance, on December 21st, the Brooklyn District Attorney's Office in New York stated that a 23-year-old Brooklyn resident was charged with stealing nearly $16 million from approximately 100 Coinbase users through a phishing scam. He impersonated a Coinbase customer service representative, tricking victims into transferring assets to his personal addresses, which were then laundered using cryptocurrency mixers. To date, police have recovered approximately $105,000 in cash and $400,000 worth of cryptocurrency. Coinbase CEO Brian Armstrong warned that the perpetrator will be held accountable and brought to justice.