An Indian man admitted to creating a fake Coinbase website and stealing $9.5 million.
A 30-year-old Indian man and a group of his accomplices created a fake website for the American cryptocurrency exchange Coinbase (NASDAQ:COIN) in 2021. Between June 2021 and the end of 2023, at least 542 people used the site and tried to deposit over $9.5 million into the exchange, but the funds went into the pockets of the attackers.
American law enforcement agencies were able to identify Chirag Tomar due to the fact that he used e-mail under his real name to communicate with his accomplices. Tomar used the same email address to obtain a tourist visa to the United States to meet his relatives.
Tomar kept a spreadsheet with a list of victims and stolen amounts, and also used user documents obtained through the fictitious site to create accounts on Binance and other cryptocurrency exchanges.
