India Files Charges Against 8 in $20 Million Coinbase Spoofing Scam on Monday

According to India's Directorate of Enforcement (ED), the agency filed charges against Chirag Tomar and seven others on Monday in connection with an alleged Coinbase spoofing scheme that stole more than $20 million from victims. Tomar was previously sentenced in the United States to 60 months in prison.

The suspects created spoofed websites mimicking Coinbase to harvest user login credentials and two-factor authentication codes, then transferred victim cryptocurrency holdings to wallets under their control and converted the assets through multiple transactions. The ED provisionally attached 64.55 crore rupees ($6.8 million) in assets linked to the accused during its investigation.