ED seized Bitcoins worth INR 22.82 Cr – Gaming app E-nuggets probe

November 11, 2022

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The Enforcement Directorate (ED) seized Bitcoins worth INR 22.82 Cr, stored in a wallet of crypto exchange Binance, in connection with a money laundering probe into fraudulent gaming app E-nuggets.

According to a statement from the ED, it conducted a search operation on Binance’s wallet and user ID, which resulted in the freezing of 150.22 Bitcoins in accordance with the Prevention of Money Laundering Act (PMLA), 2002. The agency started looking into the case on the basis of a FIR submitted in February 2021 and has so far seized INR 68.42 Cr. As part of its investigation into numerous fraudulent apps and illegal digital lending apps, the ED is keeping a close eye on a number of Indian cryptocurrency exchanges.

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ED seized Bitcoins worth INR 22.82 Cr – Gaming app E-nuggets probe

November 11, 2022

, By Team SNFYI

MENA

The Enforcement Directorate (ED) seized Bitcoins worth INR 22.82 Cr, stored in a wallet of crypto exchange Binance, in connection with a money laundering probe into fraudulent gaming app E-nuggets.