Fake Coinbase Website’s Mastermind Sentenced to 60 Months in Prison

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Fake Coinbase Website’s Mastermind Sentenced to 60 Months in Prison In a significant victory against cryptocurrency-related fraud, Chirag Tomar, the mastermind behind a fake Coinbase Pro website that defrauded victims of over $20 million, has been sentenced to 60 months in prison, according to a recent announcement by the U.S.

As digital assets gain mainstream adoption, more individuals are entering the space, making them potential targets for scams like the fake Coinbase Pro website.

In addition to spending on luxury items, Tomar also used the stolen cryptocurrency to fund worldwide travel, visiting multiple countries while evading authorities.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Fake Coinbase Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-18 @ 03:17:02 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 762 words

Reading Time: 5 minutes read

Sentences: 36 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 23113867

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 21 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #121

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