An investigation has been launched into Ronald Spektor, also known as Ronaldd, who allegedly orchestrated a social engineering scam that resulted in the theft of $6.5 million from a single victim by impersonating Coinbase support. This incident highlights a growing trend where scammers exploit errors made by cryptocurrency users when entering usernames, profiting significantly from these mistakes. Reports indicate that scammers can earn substantial amounts, with some making up to $1 million annually by posing as representatives of crypto exchanges. In a related incident, Nick Newman, CEO of Casa, managed to catch a scammer in the act during a phone call, leading to a shocking revelation about the earnings of such scammers—reportedly $35,000 in just two days and five-figure sums weekly. This alarming trend raises concerns about the security and trustworthiness of cryptocurrency transactions.