Binance assists Indian law enforcement in combating Fiewin gaming app fraud case

ChainCatcher news, according to an official announcement, the Enforcement Directorate (ED) of India has arrested four individuals related to the Fiewin gaming application scam, which allegedly caused victims to lose over 47.6 million dollars. The Fiewin app lured users into online gambling and gaming, falsely claiming that profits could be easily made. In deep collaboration with Binance's Financial Intelligence Unit (FIU), the ED's investigation uncovered the connection between the scam and digital wallets.