Justice convicts man who created fake Coinbase brokerage website and stole R$$ 113 million
The United States justice system has convicted a man who created a fake website for the country's largest bitcoin brokerage, Coinbase, and stole 20 million dollars.
In an announcement last Thursday (17), the US Attorney's Office announced that the man is 31 years old and lives in India. Named Chirag Tomar, he participated in electronic frauds against victims from all over the world, who tried to access their accounts on the cryptocurrency brokerage.
A âspoofedâ consists of an attack in which cybercriminals imitate a website to steal user data. In Tomar's case, he operated a credential theft scheme, which he then used to access accounts on the correct platform.
US Court Sentences Man to Five Years in Prison After Creating Fake Coinbase Website That Resulted in $$ 20 Million The Coinbase exchange operated a âProâ version of its exchange, which was located at âPro.Coinbase.Com.â According to court documents, Tomar and his co-conspirators spoofed the Coinbase Pro website using a similar fake URL, CoinbasePro.Com, and created a fraudulent website to mimic the authentic website. After victims entered their login credentials on the fake website, an authentication process was triggered. In some cases, victims were tricked into providing their login and authentication information from the real Coinbase website to fraudsters. In other cases, victims were tricked into allowing fake Coinbase representatives to run remote desktop software, which allowed the fraudsters to gain control of victimsâ computers and access their legitimate Coinbase accounts. The fraudsters also posed as Coinbase customer service representatives and scammed users. Victims then provided their two-factor authentication codes to fraudsters over the phone.
