The court said that Chirag Tomar used the ransom money to buy many luxury products such as Rolex watches, Lamborghini supercars, Porsche...
Indian man pleads guilty to impersonating Coinbase, stealing more than 9.5 million USD. Photo: Cryptopolitan
According to CoinDesk , this past week, an Indian citizen pleaded guilty to impersonating Coinbase, stealing information and "extortion" of more than 9.5 million USD from hundreds of victims.
Chirag Tomar (30 years old), an Indian citizen, was arrested at Atlanta airport (USA) at the end of December 2023, while visiting family on a tourist visa. Later, this person was convicted of conspiracy to commit fraud and money laundering, with a maximum sentence of 20 years in prison.
According to documents filed in the Western District Court of North Carolina, Tomar and his co-conspirators created a fake Coinbase Pro website to trick users into providing their login information. From June 2021 until Tomar's arrest, at least 542 victims lost money.
The US Secret Service also discovered that Tomar was a member of a criminal ring, because he used an email account under his real name to communicate with other accomplices as well as apply for a tourist visa to the United States. Ky.
Tomar saved the victim's information, the amount of stolen money, and sent this document to other emails used to open accounts at many exchanges, including Binance.
Before committing fraud, Tomar spent nearly a year researching how to create a scam website in the US and how to get money from the exchange without an OTP code.
In addition, it is known that Chirag Tomar used the fraudulent funds to purchase luxury items such as Rolex and Audemars Piguet watches, as well as luxury supercars Lamborghini and Porsche to travel to London, Dubai and Thailand.
Fraud is an eternal problem in society, especially in the cryptocurrency industry in recent years. Last week, on-chain detective ZachXBT discovered a gang specializing in trapping users and pocketing millions of dollars. Also this month, Google sued two developers for posting 87 fraudulent crypto applications on the Google Store .
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