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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
India freezes assets worth 4.88 million USD in Coinbase impersonation case
The Indian Enforcement Directorate (ED) has just issued a temporary order to freeze assets worth 42.8 crore INR (approximately 4.88 million USD) related to Chirag Tomar — a person arrested in America for defrauding over 20 million USD through a fake Coinbase exchange website. The frozen assets include 18 properties in Delhi and money in several bank accounts.
According to the investigation, Tomar created a website that mimics Coinbase and exploited SEO to deceive users into visiting. Victims were tricked into calling a fake hotline, and then their information and digital assets were stolen. The money was laundered through P2P and invested in real estate in India.
Coinbase's CLO, Mr. Paul Grewal, stated on X: "Justice may be delayed, but it will not be denied."