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The Enforcement Directorate (ED) has now filed a prosecution complaint against the gaming startup, its directors, and related Indian and foreign subsidiaries, alleging large-scale manipulation of games and laundering of proceeds of crime
Users were allegedly lured with small bonuses and early wins, before being systematically pitted against harder bots, resulting in heavy losses
The ED estimates that genuine users lost around INR 734 Cr to such bot-driven gameplay
In…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
The Enforcement Directorate (ED) has now filed a prosecution complaint against the gaming startup, its directors, and related Indian and foreign subsidiaries, alleging large-scale manipulation of games and laundering of proceeds of crime
Users were allegedly lured with small bonuses and early wins, before being systematically pitted against harder bots, resulting in heavy losses
The ED estimates that genuine users lost around INR 734 Cr to such bot-driven gameplay
In…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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