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Indian citizen pleads guilty to forging Coinbase website for $37 million

The Western District Attorney's Office in North Carolina, USA, announced this week that Indian citizen Chirag Tomar has admitted to "federal charges of stealing more than $37 million by deceiving the Coinbase website", admitting to committing telecommunications fraud, which carries a maximum sentence of 20 years in prison and a $250,000 fine. Chirag Tomar and his accomplices designed a fake Coinbase Pro website to lure users into entering their login credentials and two-factor authentication codes. He was arrested at Atlanta Airport on December 20th last year and is still being held in federal custody.

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