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
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