A Brooklyn resident has been prosecuted for orchestrating a large-scale phishing attack that resulted in the theft of $16 million from users of a major cryptocurrency exchange. The scheme targeted customer accounts through deceptive tactics, exploiting common security vulnerabilities in user authentication processes. This case highlights the ongoing threat posed by social engineering attacks in the crypto space, where users remain vulnerable to credential theft even on established platforms. The incident serves as a stark reminder for traders to implement robust account security measures, including two-factor authentication, hardware wallets for asset storage, and heightened vigilance against suspicious communications. With phishing attacks becoming increasingly sophisticated, community members should stay informed about emerging fraud tactics to better protect their digital assets and personal information.