ED Files Charges Against Chirag Tomar in $20 Million Coinbase Spoofing Case

The Enforcement Directorate (ED) has filed charges against Chirag Tomar in connection with a massive $20 million cryptocurrency spoofing case. The charges target an international cyber syndicate that siphoned funds from hundreds of unsuspecting investors worldwide. Alongside the formal charges, federal investigators executed fresh provisional attachment orders, pushing the total value of seized and frozen assets linked to the syndicate to approximately ₹64.55 crore.

The Indian domestic investigation operates in tandem with global law enforcement actions following Tomar's high-profile arrest by the FBI at the Atlanta airport. A United States federal court has already sentenced the 31-year-old mastermind to 60 months in federal prison for wire fraud conspiracy.

Tomar and his tech-savvy accomplices created a malicious, pixel-perfect clone of the “Coinbase Pro” portal, deliberately hosting it on a confusingly similar domain name. By heavily optimizing the fake URL to rank at the absolute top of major search engine results, the syndicate ensured that users looking to log into their exchange accounts would naturally click their malicious link first.