Indian National Pleads Guilty to $37 Million Cryptocurrency Theft Scheme

An Indian national pleaded guilty to running a Coinbase Pro spoofing site that facilitated credential theft, remote-access scams, and the transfer of over $37 million in cryptocurrency to wallets controlled by the fraudsters; victims worldwide lost funds that were laundered and spent on luxury items. The report also describes U.S. actions against a multi-year scheme linked to North Korea-affiliated IT workers who used proxy accounts and laptop farms to obtain remote jobs at hundreds of U.S. companies, exfiltrate data, and generate illicit revenue—authorities seized websites and made multiple arrests, and Reuters analysis attributes billions in cryptocurrency thefts to North Korean threat actors between 2017–2024.