Ronald Spektor, a 23-year-old Brooklyn man, received an indeterminate prison term of four to 12 years for a cryptocurrency fraud operation that stole $15.944 million from about 100 people across the U.S. Brooklyn Supreme Court Justice Danny Chun imposed the sentence on Sept. 23 after Spektor pleaded guilty on Sept. 2 to a 31-count indictment that included first-degree money laundering, grand larceny and criminal possession of stolen property. Spektor accepted the full indictment under an agreement providing for the four-to-12-year term, while the Brooklyn District Attorney's Office sought a seven-to-21-year sentence. He impersonated Coinbase personnel, falsely warned victims that hackers threatened their accounts and induced them to transfer crypto to purportedly secure wallets he controlled. Investigators traced proceeds through swaps, exchanges, mixing services, gambling platforms and online purchases, and linked Spektor's home internet connection to wallets associated with the thefts. The court ordered forfeiture of more than $500,000 in cash, cryptocurrency and personal property, as well as nearly $16 million in restitution, though the forfeiture is substantially smaller than the losses suffered by victims.