Indian authorities, in collaboration with Binance, the world’s largest cryptocurrency exchange, have reportedly dismantled a gaming app scam that defrauded users of over $47 million. The country’s Enforcement Directorate (ED) arrested four people who allegedly assisted Chinese nationals in running a scam gaming app called Fiewin, in which victims lost over Rs 400 crore. The Fiewin app is believed to have lured users into online betting and gaming through mini-games, promising easy profits before eventually trapping their funds.

BING NEWS:
  • Indian authorities and Binance crack down on $47M gaming app scam
    Indian authorities, in collaboration with Binance, the world's largest cryptocurrency exchange, have reportedly dismantled a gaming app scam that defrauded… Continue reading Indian authorities and ...
    09/29/2024 - 11:32 pm | View Link
  • Binance helps Indian authorities in busting $47M Fiewin gaming app scam
    Binance aids India's ED in tracing $47M in funds lost to a gaming scam involving the Fiewin app, leading to multiple arrests.
    09/25/2024 - 2:06 am | View Link
  • Binance Helps Indian Authorities in $47M Fiewin Gaming Scam Bust, 4 Arrests Made
    In August, the Indian Enforcement Directorate arrested four people in relation to the fraudulent Fiewin gaming app. Fiewin allegedly embezzled users out of $47 million.
    09/25/2024 - 1:08 am | View Link
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