Indian National Pleads Guilty to $37 Million Cryptocurrency Theft Scheme
![Indian National Pleads Guilty to $37 Million Cryptocurrency Theft Scheme](https://www.ngtedu.co.in/heenachy/2024/05/Indian-National-Pleads-Guilty-to-37-Million-Cryptocurrency-Theft-Scheme.png)
An Indian national has pleaded guilty in the U.S. over charges of stealing more than $37 million by setting up a website that impersonated the Coinbase cryptocurrency exchange platform.
Chirag Tomar, 30, pleaded guilty to wire fraud conspiracy, which carries a maximum sentence of 20 years in prison and a $250,000 fine. He was arrested on December 20, 2023, upon entering the country.
“Tomar and
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