Chirag Tomar stole over $20 million by spoofing the Coinbase Pro website.
He was arrested at Atlanta airport and pleaded guilty to wire fraud conspiracy.
Chirag Tomar, a 31-year-old Indian Citizen, was sentenced today to 60 months in prison for his role in a cryptocurrency spoofing scheme that defrauded victims of more than $20 million. U.S. District Judge Kenneth D. Bell issued the sentence in Charlotte, North Carolina. Tomar’s scheme involved hundreds of victims worldwide, including individuals in North Carolina. Following his prison term, Tomar will face two years of supervised release.
This sentencing comes after Tomar’s guilty plea on May 20, 2024, where he admitted to the fraud, which began in 2021. Tomar and his co-conspirators orchestrated the spoofing scheme by creating a fake version of the Coinbase Pro website, CoinbasePro.com. Their goal was to deceive users into thinking they were accessing the legitimate platform.
Victims suffered significant financial
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