phishingalert

The Indian government has cracked down on a global crypto fraud scheme—freezing nearly $5 million worth of assets belonging to a citizen currently imprisoned in the United States for running a large-scale phishing operation involving fake Coinbase websites. The man behind the scheme, 31-year-old Chirag Tomar, is now serving a five-year sentence in a U.S. federal prison.

Fake Coinbase, Real Damage
Tomar exploited users' trust in the popular exchange Coinbase by creating sophisticated fake websites that harvested login credentials. Victims were then redirected to fake customer support hotlines, where scammers used social engineering to obtain security codes or remote access to users' computers—ultimately draining their crypto wallets.
Investigators revealed that Tomar stole over $72 million in digital assets through this scheme. He laundered the stolen funds via trading platforms and converted them into Indian rupees. According to India's Enforcement Directorate (ED), Tomar spent the money on luxury watches, sports cars like Lamborghinis and Porsches, and expensive travel.

18 Properties, Frozen Accounts & Ongoing Investigation
India responded decisively to Tomar’s fraud. Authorities froze 18 properties in Delhi and bank accounts linked to his family and business partners. The seized assets are valued at $4.8 million. The case remains active, and further investigation is underway.
“Escaping crypto fraud is no longer possible—criminals will be tracked, exposed, and jailed,” said Sudhakar Lakshmanaraja of the Digital South Trust.
Officials believe this may be just the tip of the iceberg. Raids have already been conducted in Delhi and Mumbai, and further asset seizures or arrests may follow as authorities continue to trace money tied to the international scam network.

#Cryptoscam , #PhishingAlert , #CryptoCrime , #cybercrime , #CryptoNews

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A recent cybersecurity report reveals something most traders ignore until it’s too late: Stolen crypto accounts are being sold for as little as $60–$105 on the dark web — yet they can unlock your entire portfolio 💸
🎣 How are accounts getting stolen?
Almost all cases come from phishing:
Fake emails
Fake login pages
Fake “support” messages
One wrong click… and your credentials are gone.
💰 Why some accounts sell for more
Prices climb to $300–$400 if:
• The account is older
• Funds are already inside
• Bank cards or payment apps are linked
• 2FA is weak or missing
🔐 Strong security literally raises or destroys your “market value” to hackers.
📲 Where stolen data is traded
Most leaked logins move through:
• Email dumps
• Private admin panels
Telegram (the top choice)
Fast, disposable, and hard to trace — perfect for cybercrime.
🧠 This isn’t random hacking
Organized groups run like businesses:
• Auto-checking stolen logins
• Live attack dashboards
• Bulk data sorting & reselling
Middlemen buy first… scammers buy last.
📈 The alarming trend
From Jan–Sep 2025, 88%+ of phishing attacks targeted login theft — not wallets, not smart contracts… YOU.
💡 Final thought
Hackers don’t need to break blockchains.
They just need one careless moment.

👇 Do you think traders take security seriously enough?
Like • Share • Comment — someone you know needs to see this.

#CryptoSecurity #BinanceSquare #PhishingAlert #CryptoSafety #Web3