Enforcement Directorate (ED) has launched legal action against Chirag Tomar and several associates linked to $20 million cryptocurrency fraud. Tomar,caught in United States, faces charges for setting up fake websites mimicking real crypto exchange Coinbase.
Involved with Tomar are Pankaj Tomar,Kushagra Shakya, Akash Vaish, Rahul Anand,Ketan Luthra, Tomar Group of Industries Private Limited, and Exahomes Realtors. ED filed complaint June 15, 2026, after long investigation triggered by media reports on Tomar's arrest.
Tomar was seized by FBI at Atlanta airport December 20, 2023 . A U.S. court sentenced him to 60 months in prison, plus two years supervised release. ED discovered Tomar and group allegedly ran fraudulent sites resembling Coinbase,tricking users into handing over login details,personal info.
Fraudsters accessed victims' Coinbase accounts,transferred stolen crypto to their wallets. ED said stolen crypto was converted into different digital assets, laundered. Money then funneled to Tomar's and associates' bank accounts,bought real estate.
ED,as part of probe,has provisionally attached assets worth ₹64.55 crore. Agency also got key evidence from U.S. through Mutual Legal Assistance Treaty,bolstering case against accused. But what happens next…
