Similar Stories to Indian Authorities And Binance Crack Down On $47m Gaming App Scam on Bing News

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.

 

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