It seemed like a perfectly believable story: Two teenagers in Canada posed as members of Coinbase’s support team and scammed an American man out of $4.2 million in Bitcoin and Ethereum. (However, whether that email was the ultimate source for the story has yet to be determined.) However, the entire story—from the teenagers’ alleged heist to their arrest—is a sham, according to the Hamilton Police Service. “[We] can confirm this investigation did not occur and the email did not originate from the Hamilton Police Service,” the police said in an official statement. In January 2018, in the village of Irvington, N.Y., 15-year-old Ellis Pinsky, nicknamed “Baby Al Capone,” allegedly stole almost $24 million from crypto millionaire Michael Terpin.
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