{"id":12778,"date":"2024-04-21T15:32:53","date_gmt":"2024-04-21T12:32:53","guid":{"rendered":"https:\/\/forklog.com\/en\/indian-national-admits-to-9-5-million-theft-from-coinbase-users\/"},"modified":"2024-04-21T15:32:53","modified_gmt":"2024-04-21T12:32:53","slug":"indian-national-admits-to-9-5-million-theft-from-coinbase-users","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/indian-national-admits-to-9-5-million-theft-from-coinbase-users\/","title":{"rendered":"Indian National Admits to $9.5 Million Theft from Coinbase Users"},"content":{"rendered":"<p>A 30-year-old Indian national, Chirag Tomar, has confessed to charges of creating a fake website of the cryptocurrency exchange Coinbase and stealing $9.5 million in digital assets. This was reported by <a href=\"https:\/\/www.coindesk.com\/policy\/2024\/04\/19\/indian-man-pleads-guilty-to-creating-spoofed-coinbase-website-stealing-95m-in-crypto\/\" title=\"\">CoinDesk<\/a>, citing court documents.<\/p>\n<p>On December 20, 2023, Tomar arrived in the United States on a tourist visa to visit family but was arrested at Atlanta airport. He was charged with conspiracy to commit fraud and money laundering. Both charges carry a maximum sentence of up to 20 years in prison.<\/p>\n<p>According to court documents, from at least June 2021 to December 2023, Tomar and his accomplices stole cryptocurrency from 542 victims through a spoofed version of Coinbase Pro.<\/p>\n<p>The indictment states that he used an email registered in his real name to communicate with both known and unknown accomplices. The same email address was used to apply for a tourist visa to the United States.<\/p>\n<p>Proceeds from the fraud were spent by Tomar on a lavish lifestyle. He purchased Rolex and Audemars Piguet watches, Lamborghini and Porsche cars, and traveled to London, Dubai, and Thailand.<\/p>\n<p>In November 2023, India&#8217;s National Investigation Agency accused a resident of Visakhapatnam, Manmohan Surendra Panda, of espionage for Pakistan. He was allegedly paid in an undisclosed cryptocurrency for his services. <\/p>\n<p>In March 2024, a London jury found 42-year-old Jian Wen <a href=\"https:\/\/u1f987.com\/en\/news\/british-woman-convicted-of-laundering-6-billion-in-bitcoin\">guilty of laundering $6 billion in bitcoin<\/a>.<\/p>\n<p>In April, the founder of the Taiwanese cryptocurrency exchange ACE Exchange, David Pan, was accused of fraud amounting to $10.7 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A 30-year-old Indian national, Chirag Tomar, has confessed to charges of creating a fake website of the cryptocurrency exchange Coinbase and stealing $9.5 million in digital assets. This was reported by CoinDesk, citing court documents. On December 20, 2023, Tomar arrived in the United States on a tourist visa to visit family but was arrested [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12777,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[138,278,1246],"class_list":["post-12778","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-coinbase","tag-india","tag-scammers"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/12778","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=12778"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/12778\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/12777"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=12778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=12778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=12778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}