Close Menu
Cryprovideos
    What's Hot

    SEC Declares Liquid Staking Tokens Not Securities

    August 6, 2025

    India Freezes Property Linked to Man Jailed in US Over $20M Crypto Fraud – Decrypt

    August 6, 2025

    Hyperliquid income surges because it leeches customers from Solana: VanEck

    August 6, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»India Freezes Property Linked to Man Jailed in US Over $20M Crypto Fraud – Decrypt
    India Freezes Property Linked to Man Jailed in US Over M Crypto Fraud – Decrypt
    Crypto News

    India Freezes Property Linked to Man Jailed in US Over $20M Crypto Fraud – Decrypt

    By Crypto EditorAugust 6, 2025No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email



    India Freezes Property Linked to Man Jailed in US Over $20M Crypto Fraud – Decrypt

    Briefly

    • Chirag Tomar, jailed within the U.S. for a $20 million crypto rip-off involving pretend Coinbase web sites, has $4.8 million (₹42.8 crore) in belongings seized by India’s Enforcement Directorate.
    • Authorities say Tomar ran a complicated phishing scheme and funneled proceeds into Indian financial institution accounts by way of P2P platforms.
    • ED has connected 18 properties in Delhi and frozen financial institution accounts; investigation into the laundering operation is “underneath progress.”

    India’s Enforcement Directorate has confiscated $4.8 million (₹42.8 crore) in belongings belonging to a citizen at the moment imprisoned within the U.S. for defrauding crypto buyers of $20 million by way of pretend Coinbase web sites.

    The monetary crimes company introduced Tuesday it had frozen 18 actual property properties in Delhi and financial institution accounts tied to Chirag Tomar, 31, together with these of his family members and enterprise associates. 

    “Escaping crypto fraud is now not an choice—unhealthy actors shall be tracked, uncovered, and jailed,” Sudhakar Lakshmanaraja, founding father of the blockchain training platform Digital South Belief, informed Decrypt.

    “The Authorities of India has the instruments, resolve, and worldwide coordination to crack down on monetary crime within the digital asset area,” he added.

    Tomar acquired a five-year federal jail sentence in October 2024 for masterminding a complicated phishing scheme concentrating on the favored crypto change platform.

    His felony enterprise relied on creating counterfeit Coinbase web sites that fooled customers into revealing their account credentials.

    Investigators found that Tomar laundered roughly $72 million (₹600 crore) price of stolen digital belongings by way of varied buying and selling platforms earlier than changing them to Indian rupees. 

    Tomar’s group manipulated search engine outcomes so their fraudulent websites would rank increased than reliable ones, making victims extra more likely to bump into them throughout routine searches.

    “The spoofed web site appeared precisely just like the trusted web site apart from the contact particulars,” the ED mentioned in its official assertion.

    When customers tried to log into these pretend platforms, they acquired false error messages directing them to name bogus buyer help numbers. 

    The fraudsters posing as Coinbase representatives would then trick callers into sharing safety codes or permitting distant pc entry, enabling them to empty the crypto accounts.

    Tomar funneled these unlawful income into buying high-end timepieces, luxurious sports activities automobiles, together with Lamborghinis and Porsches, and financing worldwide journey.

    The scheme operated for over two years till authorities arrested Tomar at Atlanta’s airport in December 2023 when he returned to the U.S.. He admitted guilt to conspiracy prices in Might 2024.

    The ED launched its investigation after studying about Tomar’s arrest within the U.S. by way of information studies. 

    In February, officers performed coordinated raids throughout Delhi and Mumbai as a part of their ongoing probe into the cash path.

    “Additional investigation is underneath progress,” the company famous, suggesting further seizures or arrests could comply with as authorities proceed monitoring belongings linked to the worldwide fraud operation.

    Each day Debrief E-newsletter

    Begin each day with the highest information tales proper now, plus authentic options, a podcast, movies and extra.



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    SEC Declares Liquid Staking Tokens Not Securities

    August 6, 2025

    Coinbase and Robinhood Broaden Their Choices with 8 New Altcoin Listings

    August 6, 2025

    Subsequent 1000x Crypto: 4 Hidden Gems Exhibiting Large Potential

    August 6, 2025

    Coinbase Provides AI Private Finance Undertaking to Itemizing Roadmap, Triggering Altcoin Rallies – The Every day Hodl

    August 6, 2025
    Latest Posts

    Indonesian officers eye Bitcoin mining for nationwide reserves after key assembly

    August 6, 2025

    Bitcoin Mining Is The Resurrection Of The Working-Class Hero.

    August 6, 2025

    Binance futures quantity hits 6-month excessive amid Bitcoin volatility

    August 6, 2025

    Bitcoin Value Prediction: Dip to $100K or Rally to $125K in August?

    August 6, 2025

    Whale Who Guess Towards XRP Liquidated, Dogecoin Futures on Coinbase Spike 24%, Bitcoin Mining Issue Hits ATH – Crypto Information Digest

    August 6, 2025

    Tennessee Bitcoin Alliance To Place The Volunteer State At The Middle Of America’s Bitcoin Revolution

    August 6, 2025

    Galaxy Digital Boosts Bitcoin Holdings By 4,272 BTC In Q2 2025, Trims Ethereum Publicity | Bitcoinist.com

    August 6, 2025

    Bitcoin-Holding Corporations Might Have Peaked, Says Galaxy CEO

    August 6, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Bloomberg analyst says altcoin ETFs will ignite a 'wild' crypto market in 2025

    November 28, 2024

    Is It Too Late To Purchase FLOKI? Floki Value Soars 13% And This May Be The Subsequent Crypto To Explode

    November 24, 2024

    Crypto Investor Makes Thousands and thousands From Latest Memecoin Airdrop

    December 25, 2024

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.