From Delhi to the US: Inside the Fake Coinbase Scam That Stole $20 Million
Main Idea
A fake Coinbase scam orchestrated by Chirag Tomar, which stole over $20 million, has been dismantled by Indian and U.S. authorities, with assets worth $5.1 million seized.
Key Points
1. Chirag Tomar, a New Delhi native, masterminded a fake Coinbase website scam that stole over $20 million from users.
2. India’s Directorate of Enforcement (ED) provisionally attached assets worth ₹42.8 crore ($5.1 million) linked to the scam.
3. The scam involved phishing users for sensitive details, converting stolen crypto to Indian rupees, and funneling the funds.
4. Indian authorities are investigating other high-profile crypto fraud cases, including a $44 million hack and a separate ₹50 lakh fraud case.
5. The Delhi High Court rejected bail for Umesh Verma, charged with defrauding investors via a Dubai-based crypto exchange.
Description
A massive crypto scam using a fake Coinbase website to steal over $20M has been busted. India’s Enforcement Directorate has seized $5.1M in real estate and bank funds from the accused. The main accused, Chirag Tomar, was arrested in the US, showing cross-border cooperation. A sprawling international crypto scam has been dismantled by Indian authorities and U.S. law enforcement, masterminded by Chirag Tomar, a New Delhi native accused of stealing over $20 million through a fake version of the pop...
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