From Delhi to the US: Inside the Fake Coinbase Scam That Stole $20 Million

• A massive crypto scam using a fake Coinbase website to steal over $20M has been busted.
• India’s Enforcement Directorate has seized $5.1M in real estate and bank funds from the accused.
• The main accused, Chirag Tomar, was arrested in the US, showing cross-border cooperation.

A sprawling international crypto scam has been dismantled by Indian authorities and U.S. law enforcement, masterminded by Chirag Tomar, a New Delhi native accused of stealing over $20 million through a fake version of the popular crypto exchange Coinbase. This case exposes a complex cybercrime operation that stretched across borders, leading to major raids, arrests, and court actions.

On August 2, 2025, India’s Directorate of Enforcement (ED) announced it had provisionally attached assets worth ₹42.8 crore ($5.1 million) belonging to Chirag Tomar, his relatives, and their associated companies. The order freezes 18 real properties across Delhi and the balances in several bank accounts. Authorities traced these assets during a two-year investigation into the scam that targeted users of Coinbase.

BREAKING: ED seizes ₹42.8 Cr from Chirag Tomar

He’s in jail in the U.S. for running a…

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