ed – DIGIT INFO

India Cracks Down on $48M Crypto Fraud in Fiewin Gaming App With Binance Help

DIGIT — Thu, 03 Oct 2024 01:46:26 +0000

India’s Enforcement Directorate has exposed a massive $48 million scam linked to the online gaming app Fiewin, connected to Chinese nationals. Following an in-depth investigation, an equivalent of about $3 million has been frozen in accounts tied to these individuals. The scam lured users with quick earning schemes but blocked fund withdrawals. The investigation also […]

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India’s Crypto Raid Uncovers Massive Fraud in Ladakh

DIGIT — Sun, 04 Aug 2024 01:30:00 +0000

India’s Enforcement Directorate (ED) has executed its inaugural raid in the Leh Ladakh region to investigate fraudulent cryptocurrency activities under the Public Money Laundering Act (PMLA). The operation targeted six locations across Leh in Ladakh, Jammu in J-K, and Sonipat in Haryana, focusing on A. R. Mir and his associates. Allegations suggest thousands of investors […]

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Indian Government Updates Parliament on Cryptocurrency Bill and Investigations of Crypto Exchanges

DIGIT — Tue, 20 Dec 2022 04:30:33 +0000

The government of India has provided some updates on its cryptocurrency bill and investigations of crypto exchanges in Lok Sabha, the lower house of India’s parliament. “Crypto assets are by definition borderless and require international collaboration to prevent regulatory arbitrage,” said the minister of state in the Ministry of Finance. Indian Government Answers Questions About […]

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Indian Authority Freezes 150 Bitcoins Held at Binance Crypto Exchange

DIGIT — Sun, 13 Nov 2022 07:30:59 +0000

India’s Enforcement Directorate (ED) says that it has frozen 150.22 more bitcoins held at cryptocurrency exchange Binance. The freeze is part of an investigation into mobile gaming application E-nuggets, which was designed to defraud the public, the ED said. India Freezes More Bitcoins at Binance India’s Enforcement Directorate (ED) announced Friday that it has frozen […]

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India Freezes Additional Bitcoin Amid Mobile Gaming App Investigation

DIGIT — Fri, 21 Oct 2022 13:30:51 +0000

India’s Enforcement Directorate (ED) says it has frozen 44.5 more bitcoins as part of an ongoing money laundering investigation into mobile gaming app E-nuggets. The authority has already frozen nearly 86 bitcoins at crypto exchange Binance relating to the same investigation. India’s ED Freezes More Bitcoin in E-nuggets Case India’s Enforcement Directorate (ED) announced Thursday […]

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India Freezes More Crypto Including Bitcoin and Tether as Investigation Involving Binance and Wazirx Deepens

DIGIT — Sun, 02 Oct 2022 02:30:46 +0000

India’s Directorate of Enforcement (ED) says it has frozen more cryptocurrencies, including bitcoin, tether, and the Wazirx token. The action is part of its investigation of the mobile gaming app E-nuggets. In its latest announcement, the ED revealed that nearly 86 bitcoins found at crypto exchange Binance were frozen. Indian Authority Freezes More Cryptocurrencies: Bitcoin, […]

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India Freezes Bitcoin at Binance Amid Investigation Involving Crypto Exchange Wazirx

DIGIT — Fri, 30 Sep 2022 03:30:16 +0000

India’s Enforcement Directorate (ED) says it has frozen more than 77.6 bitcoins that were transferred to Binance from Indian crypto exchange Wazirx. The freeze is part of a money laundering investigation into a mobile gaming application. Indian Authority Freezes Bitcoin Held at Crypto Exchange Binance India’s Directorate of Enforcement (ED) announced Wednesday that it has […]

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Indian Authorities Unfreeze Wazirx’s Bank Accounts, the Crypto Exchange Says

DIGIT — Tue, 13 Sep 2022 03:30:01 +0000

India’s Enforcement Directorate (ED) has unfrozen the bank accounts of cryptocurrency exchange Wazirx, the company said. The accounts were frozen as part of the federal agency’s investigation into 16 fintech companies and instant loan apps. Wazirx Says Its Bank Accounts Are Now Unfrozen Indian cryptocurrency exchange Wazirx said Monday that the Enforcement Directorate (ED), the […]

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Indian Authorities Search Crypto Exchange Coinswitch Kuber — CEO Says It’s Not Related to Money Laundering

DIGIT — Sat, 27 Aug 2022 16:00:51 +0000

India’s Enforcement Directorate (ED) has conducted searches at five premises linked to popular cryptocurrency trading platform Coinswitch Kuber. The company says its engagement with the ED was not related to any money laundering inquiry. The federal agency recently froze the assets of two other crypto firms, Wazirx and Vauld. Coinswitch Kuber Next on ED’s List […]

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Indian Finance Minister Asks Crypto Investors to Exercise Caution as Authorities Investigate Exchanges

DIGIT — Tue, 16 Aug 2022 03:00:07 +0000

India’s finance minister has cautioned investors about cryptocurrency as the country’s Enforcement Directorate (ED) investigates a number of crypto exchanges and freezes the assets of some trading platforms. Indian Finance Minister Cautions About Crypto Indian Finance Minister Nirmala Sitharaman reportedly warned about cryptocurrency Saturday at an event organized by the BJP Economic Cell. She cautioned […]

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