The Western District Attorney's Office in North Carolina, USA, announced this week that Indian citizen Chirag Tomar has admitted to "federal charges of stealing more than $37 million by deceiving the Coinbase website", admitting to committing telecommunications fraud, which carries a maximum sentence of 20 years in prison and a $250,000 fine. Chirag Tomar and his accomplices designed a fake Coinbase Pro website to lure users into entering their login credentials and two-factor authentication codes. He was arrested at Atlanta Airport on December 20th last year and is still being held in federal custody.
Indian citizen pleads guilty to forging Coinbase website for $37 million
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