Crypto Kingpin’s US Arrest Triggers ED Crackdown: Rs 42.8 Crore Seized
Chirag Tomar, an Indian national, finds himself at the center of a massive international fraud investigation. Arrested in the United States on August 5, 2025, Tomar stands accused of orchestrating a sophisticated cryptocurrency heist.
Authorities allege he defrauded victims of $20 million through a meticulously crafted fake Coinbase website. The scam involved luring users to the counterfeit site to steal their digital assets.
Following Tomar’s arrest, the Enforcement Directorate (ED) swung into action. They launched a money-laundering probe, seizing assets worth a staggering Rs 42.8 crore.
The ED’s action included the attachment of various properties and bank deposits belonging to Tomar. This decisive move underscores the agency’s commitment to combating financial crimes with international ramifications.
The cryptocurrency was allegedly converted into Indian Rupees, highlighting the transnational nature of the crime. This case serves as a stark warning about the growing risks associated with online financial transactions and the need for enhanced cybersecurity measures. The investigation is ongoing, with implications for both Indian and US financial regulations.
