#creattoearn #fraudes

India Freezes ₹42.8 Crore in Assets of Convicted Crypto Fraudster

- India’s ED froze ₹42.8 crore in assets linked to Chirag Tomar, a U.S.-jailed crypto fraudster, under PMLA.

- Tomar’s 2021–2023 scam used fake Coinbase Pro sites to steal $37M via phishing and account takeovers.

- Stolen funds were laundered via P2P exchanges, buying Delhi luxury properties through family accounts and shell companies.

- The case highlights risks of crypto misuse, prompting India’s stricter anti-money laundering enforcement in digital finance.

India’s Enforcement Directorate (ED) has frozen assets worth ₹42.8 crore linked to Chirag Tomar, an Indian national currently serving a five-year sentence in the U.S. for orchestrating a $37 million cryptocurrency fraud. The assets include 18 properties in Delhi and multiple bank accounts, provisionally attached under the Prevention of Money Laundering Act (PMLA). This is the second major seizure in the case, following an earlier confiscation of ₹2.18 crore in February 2025