The Brooklyn DA indicts suspects in a USD 16 million crypto fraud case, highlighting how social engineering and human error, not blockchain flaws, remain the biggest security risk in crypto. When the Brooklyn District Attorney announced indictments in a $16 million crypto fraud case last week, the mechanics were depressingly familiar. It is scale, repeatability, and what it confirms about the real failure point in crypto security. Once victims voluntarily disclosed their credentials, funds were transferred, laundered through mixers and crypto gambling platforms, and dispersed across multiple wallets. The Brooklyn case makes the stakes clear.

Source: dna January 02, 2026 06:14 UTC