BlockBeats news, on August 6, the Indian law enforcement agency launched an investigation into a large-scale cryptocurrency fraud case, freezing assets worth 428 million rupees (approximately 4.8 million USD) belonging to the fraudster Chirag Tomar, his relatives, and related entities. This law enforcement action was carried out under the Prevention of Money Laundering Act (PMLA), including the seizure of 18 properties located in Delhi and multiple bank accounts.
Chirag Tomar is the main orchestrator of a cryptocurrency phishing scam that lasted from mid-2021 to the end of 2023, primarily targeting users of the exchange Coinbase. By imitating a fake website of the cryptocurrency trading platform Coinbase or using search engine optimization (SEO) techniques, he lured users to log in, thereby stealing approximately 20 million USD worth of cryptocurrency.
