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Mastermind Behind Fake Coinbase Website Scheme Sentenced To 5 Years In Prison

  • An Indian man named Chirag Tomar has been sentenced to 5 years in prison for running a fake Coinbase website scam.
  • Tomar and his co-conspirators stole over $20 million in cryptocurrency over a 2-year period from hundreds of victims.
  • They created a spoofed website imitating Coinbase's platform and tricked users into providing their login credentials and authentication information.
  • Tomar used the stolen funds to finance a lavish lifestyle, including travel, luxury purchases, and expensive vehicles.

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