Binance Assists Indian Authorities in Rs 400 Crore Gaming App Scam Crackdown
Binance Assists Indian Authorities in Rs 400 Crore Gaming App Scam Crackdown
馃幃 Game over for scammers

Binance has collaborated with India's Enforcement Directorate (ED) to uncover a significant gaming app scam involving Rs 400 crore (approximately $47.6 million). The investigation focused on the Fiewin gaming app and revealed connections to digital wallets.
Key points:
- Four individuals were arrested in relation to the scam
- Binance provided support in tracing digital wallet links
- The exchange reaffirms its commitment to working with global law enforcement
This case highlights the importance of cooperation between cryptocurrency platforms and regulatory bodies in combating financial crimes in the digital asset space.
#Binance and The Enforcement Directorate (ED) of India cracks down on Rs 400 crore gaming app scam. A thorough investigation into the Fiewin gaming app scam uncovered links to digital wallets and led to the arrest of four individuals. We remain committed to working closely with
Binance Launches Spot Altcoin Liquidity Boost Program
Binance has introduced a new program to enhance liquidity for altcoin spot trading. The initiative aims to improve the overall trading experience through: - Tighter bid-ask spreads - Reduced slippage on trades - Enhanced market depth This follows recent platform updates including improved spot order support, automatic margin transfers, and expanded market data visualization. The program demonstrates Binance's continued focus on market efficiency and user experience improvements.
Binance Dominates Stablecoin Holdings Across Exchanges

**Latest data reveals Binance's dominant position in crypto liquidity markets**, holding approximately 59% of all stablecoins across centralized exchanges. This significant concentration highlights Binance's role as a key capital hub in the cryptocurrency ecosystem. This comes amid broader market developments including: - Bitcoin reaching new ATH above $111,000 - Growing institutional adoption through ETFs - Regulatory progress with stablecoin frameworks *The high concentration of stablecoins suggests Binance remains a crucial gateway for capital deployment in crypto markets.* [Read the full analysis](https://www.binance.com/en/blog/ecosystem/onchain-dynamics-reveal-binances-role-as-cryptos-key-capital-hub-and-liquidity-destination)
Additional EDGEN Token Airdrop Distribution Announcement
A new distribution of **1,860 EDGEN tokens** has been completed for eligible users who previously claimed the EDGEN airdrop. This follows a similar distribution pattern to the May 19th airdrop of 3,860 REX tokens. - Distribution Date: June 5th, 2025 - Token Amount: 1,860 EDGEN - Eligibility: Previous successful EDGEN airdrop claimants *Action Required: Please verify your account balance to confirm receipt of tokens.*
Binance Square Launches Live Trading Program

Binance Square has introduced a new Live Trading Program that enables traders to broadcast their trading activities in real-time. Key features: - Stream live trading sessions - Build personal trading brand - Earn enhanced commission rates - Share trading strategies with community The platform aims to create a more interactive trading environment where creators can showcase their strategies while earning rewards. [Learn more about the program](https://www.binance.com/en/square/post/25069785459882)
Binance Develops New Tools for Meme Token Liquidity Analysis

Binance has introduced new research tools to help traders evaluate liquidity risks in meme token markets. The initiative aims to bridge the gap between perceived and actual liquidity metrics. Key developments: - New analytical tools for assessing memecoin liquidity risks - Focus on identifying real vs perceived market liquidity - Implementation of safer trading strategies Additionally, Binance launched a Spot Altcoin Liquidity Boost Program featuring: - Improved spread tightness - Reduced slippage effects - Enhanced overall trading experience [Read the full research](https://www.binance.com/en/blog/research/binance-researchers-develop-innovative-tools-to-assess-memecoin-liquidity-risks-2016370260997476124) *Winners of the recent #BinanceAlpha Giveaway will receive rewards within one month of campaign completion.*