fiewin

ChainCatcher news, according to Bitcoin.com, the Indian Enforcement Directorate has uncovered a massive $48 million scam related to the online gaming app Fiewin, which involves Chinese nationals.After an in-depth investigation, approximately $3 million in accounts linked to these individuals have been frozen. The scam lured users with a quick money-making scheme but blocked fund withdrawals. The investigation also involves assistance from Binance, revealing a complex transfer of cryptocurrency to China.

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.