Indian authorities freeze $4.8M in assets tied to fake Coinbase scammer

India's Enforcement Directorate (ED) announced in an official press release that it has frozen approximately $4.8M in assets owned by Chirag Tomar, a scammer who built a fake Coinbase website to steal crypto assets, as well as his family members and associated entities. According to JinSe Finance, the ED has seized multiple properties and bank accounts in Delhi in accordance with the country's Prevention of Money-Laundering Act (PMLA). It was previously reported that Tomar stole around $20 million in crypto assets through a fake Coinbase website between mid-2021 and late 2023.