{"id":17903,"date":"2024-10-19T13:18:28","date_gmt":"2024-10-19T10:18:28","guid":{"rendered":"https:\/\/forklog.com\/en\/indian-national-sentenced-to-five-years-for-20-million-coinbase-fraud\/"},"modified":"2024-10-19T13:18:28","modified_gmt":"2024-10-19T10:18:28","slug":"indian-national-sentenced-to-five-years-for-20-million-coinbase-fraud","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/indian-national-sentenced-to-five-years-for-20-million-coinbase-fraud\/","title":{"rendered":"Indian National Sentenced to Five Years for $20 Million Coinbase Fraud"},"content":{"rendered":"<p>Indian citizen Chirag Tomar has been <a href=\"https:\/\/www.justice.gov\/usao-wdnc\/pr\/indian-national-sentenced-prison-20-million-dollar-fraud-scheme-involving-fake\">sentenced<\/a> to five years in prison for orchestrating a $20 million cryptocurrency fraud involving a fake website of the bitcoin exchange Coinbase.<\/p>\n<p>Court documents reveal that from at least June 2021 to December 2023, Tomar and his accomplices stole cryptocurrency from hundreds of victims through a counterfeit version of Coinbase Pro.<\/p>\n<p>The proceeds from the fraud funded a lavish lifestyle. The convicted individual purchased Rolex and Audemars Piguet watches, Lamborghini and Porsche cars, and traveled to London, Dubai, and Thailand.<\/p>\n<p>In December 2023, Tomar flew to the United States to visit family on a tourist visa but was arrested at Atlanta airport. In April 2024, he <a href=\"https:\/\/u1f987.com\/en\/news\/indian-national-admits-to-9-5-million-theft-from-coinbase-users\">pleaded guilty<\/a> to charges of creating a fake Coinbase site and stealing $9.5 million.<\/p>\n<p>In October, U.S. prosecutors sought a five-year sentence for hacker Ilya Lichtenstein, who breached the cryptocurrency exchange Bitfinex.<\/p>\n<p>Earlier, the <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> accused U.S.-based Vietnamese citizen Vai Pham of fraud for participating in market manipulation schemes involving the meme tokens Saitama Inu and Robo Inu.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian citizen Chirag Tomar has been sentenced to five years in prison for orchestrating a $20 million cryptocurrency fraud involving a fake website of the bitcoin exchange Coinbase. Court documents reveal that from at least June 2021 to December 2023, Tomar and his accomplices stole cryptocurrency from hundreds of victims through a counterfeit version of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17902,"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":[138,1162,278,1246],"class_list":["post-17903","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-coinbase","tag-court-cases","tag-india","tag-scammers"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17903","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=17903"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17903\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/17902"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=17903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=17903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=17903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}