Indian hacked the website of the cryptocurrency exchange Coinbase and stole $ 9.5 million

Indian citizen Chirag Tomar, who was arrested in the United States in late 2023, confessed to creating a fake Coinbase website to steal users' assets. He managed to steal $ 9.5 million.

in 2021, a 30-year-old Indian man and a group of his accomplices created a fake website of the American exchange Coinbase. Between June 2021 and the end of 2023, the site was used by at least 542 people who tried to deposit more than $ 9.5 million on the exchange, but the funds went into the attackers' pockets.

American law enforcement agencies were able to identify Chirag Tomar because he used an email address with his real name to communicate with his accomplices. Tomar also used the same email address to obtain a tourist visa to the United States to meet with his relatives.

Tomar kept a spreadsheet with a list of victims and stolen amounts, and also used user documents obtained through the fictitious website to create accounts on Binance and other cryptocurrency exchanges. Law enforcement agencies note that Tomar used the illegally obtained funds for a luxurious lifestyle, buying expensive watches and cars such as Porsche and Lamborghini.

He also traveled to London, Dubai and Thailand. Chirag Tomar is suspected of conspiracy to commit electronic fraud and conspiracy to commit money laundering. He faces up to 20 years in prison on each charge.