An Indian national, who stole more than $20 million worth of crypto from Coinbase users to fund his lavish lifestyle, was sentenced to 60 months in prison on Thursday. The sentence, handed down by a federal judge in North Carolina, comes after 31-year-old Chirag Tomar pled guilty in May to “spoofing” the Coinbase website, tricking hundreds of victims into handing over their login credentials and access to their crypto wallets.
“Spoofing, as it pertains to cybercrime, is when a malicious cyber actor disguises an email address, sender name, or website URL to convince victims they are interacting with a trusted source,” the Justice Department said in a statement.
