U.S. Sentences Crypto Fraudster To 5 Years In Prison For For Coinbase Scheme
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Chirag Tomar, an Indian citizen, was sentenced to 5 years behind bars on Thursday for orchestrating a multi-million dollar crypto scheme by creating fake Coinbase websites.
According to an October 17 press release from the United States Attorney’s Office for the District of North Carolina, U.S. District Judge Kenneth D. Bell further sentenced the now-convicted 31-year-old to two years of supervised release.
Court filings show Tomar and anonymous co-conspirators stole more than $20 million in the years-long digital asset scheme beginning in 2021 by creating several fake websites with similar URLs aimed at deceiving Coinbase clients, effectively “spoofing” the crypto exchange.
Tomar stole over $37M in crypto from Coinbase users using fake websites, impostor reps, remote desktop software, and phone scams to get 2FA codes. Victim? DM us.https://t.co/gYjNRo8DMG pic.twitter.com/jreXow1Jog
“Once victims entered their login credentials into the fake website, an authentication process was triggered,” the press release reads. “In some instances, victims were tricked into providing their login and authentication information of the real Coinbase website to fraudsters.”
In other instances, victims were tricked into allowing fake Coinbase representatives to execute remote desktop software, enabling fraudsters to control victims’ computers and access their legitimate Coinbase accounts.
Additionally, Tomar and his co-conspirators would pretend to be Coinbase representatives over the phone to swindle victims’ funds.
As soon as the crypto fraudsters
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