India ED Freezes $1.57 Million In Crypto Laundered Through WazirX And Binance
The Enforcement Directorate (ED), India’s financial crime-fighting agency, has frozen over $1.5 million in cryptocurrencies as part of a money-laundering probe into mobile gaming app E-nuggets.
After authorities in the eastern city of Kolkata submitted a complaint against the suspects in February last year, the ED initiated a money laundering probe into E-Nuggets founder Aamir Khan “and others.”
According to the ED, E-Nuggets was created to mislead the general people. After collecting a considerable amount of money from customers, the app reportedly stopped withdrawals and wiped all data from the app servers.
According to the ED’s investigation, the accused moved some unlawful revenues from the gambling app to foreign accounts. According to the agency, the accused utilized a fake account to acquire cryptocurrency on the Indian market WazirX before moving the assets to the Binance platform.
Recently, Indian police in the country’s second most populous state, Maharashtra, has been arrested a fraudster in Thane city who allegedly took money from 1441 investors worth 2.5 billion rupees (approximately $31.2 million).
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Harold
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India ED Freezes $1.57 Million In Crypto Laundered Through WazirX And Binance
The Enforcement Directorate (ED), India’s financial crime-fighting agency, has frozen over $1.5 million in cryptocurrencies as part of a money-laundering probe into mobile gaming app E-nuggets.
After authorities in the eastern city of Kolkata submitted a complaint against the suspects in February last year, the ED initiated a money laundering probe into E-Nuggets founder Aamir Khan “and others.”
According to the ED, E-Nuggets was created to mislead the general people. After collecting a considerable amount of money from customers, the app reportedly stopped withdrawals and wiped all data from the app servers.
According to the ED’s investigation, the accused moved some unlawful revenues from the gambling app to foreign accounts. According to the agency, the accused utilized a fake account to acquire cryptocurrency on the Indian market WazirX before moving the assets to the Binance platform.
Recently, Indian police in the country’s second most populous state, Maharashtra, has been arrested a fraudster in Thane city who allegedly took money from 1441 investors worth 2.5 billion rupees (approximately $31.2 million).
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
CoinCu News
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