PANews reported on June 16th that, according to FinanceFeeds, Indian law enforcement has formally charged Chirag Tomar and his associates with stealing over $20 million in crypto assets through a Coinbase spoofing scam. Tomar, 31, has already been sentenced to 60 months in prison by a U.S. federal court on charges of conspiracy to commit wire fraud. The group created a malicious Coinbase Pro website, using SEO optimization to rank it high in search results, tricking users into entering their login information. After users were directed to call fake customer service numbers, the scammers obtained 2FA verification codes or remotely controlled the victims' devices to steal real crypto assets.

Indian law enforcement authorities have frozen over 129 bank accounts belonging to the group, seizing assets worth approximately 6.455 billion rupees. Tomar used family members, shell companies, and P2P trading networks to launder money, with funds flowing to entities including Tomar Industrial Group and Exahomes Realtors. Co-defendants in the case include Pankaj Tomar, Kushagra Shakya, Akash Vaish, Rahul Anand, and Ketan Luthra.