HomeLifestyleCryptocurrency: ED crackdown on scam crypto exchange 'Binance', ₹22.82 crore bitcoin freeze

Cryptocurrency: ED crackdown on scam crypto exchange ‘Binance’, ₹22.82 crore bitcoin freeze

Highlights

The search operation was conducted in connection with the investigation related to mobile gaming application, e-nuggets.
In this case, in February 2021, Kolkata Police had registered an FIR.
The accused had released the mobile gaming app e-nuggets with the intention of defrauding the users.

New Delhi. The Enforcement Directorate has frozen more than 220 million bitcoins by raiding the Binance crypto exchange. Giving information about this, the agency said that the Enforcement Directorate has conducted a search operation on the Binance crypto exchange, in which 150.22 bitcoins worth Rs 22.82 crores have been frozen under PMLA, 2002. News agency ANI reported that this search operation was done in connection with the investigation related to mobile gaming application, e-nuggets.

In this case, an FIR was registered by the Kolkata Police in February 2021 against a person named Aamir Khan and others on the basis of the allegation made by Federal Bank officials. After this the ED started money laundering investigation in the company.

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fraud with users
The agency reported in September that it had frozen ₹12.83 crore worth of bitcoins in an investigation against Khan and others related to the mobile gaming application, E-Nuggets. The ED found that Aamir Khan released the mobile gaming app e-nuggets with the intention of defrauding the users. After collection of public funds, the said app suddenly stopped allowing withdrawal under various pretexts. After that, all the data was removed from the app’s servers.

At that time, the ED found that the accused was using cryptocurrency exchanges to remit a part of the money illegally obtained through gaming apps abroad. It was found that a dummy account named Seema Naskar was opened on cryptocurrency exchange WazirX and used to buy cryptocurrencies and other digital assets.

Aamir Khan’s residence was first searched and during that time, a total amount of ₹17.32 crore was searched and confiscated.

Tags: bitcoin, Bitcoin Scam, business news

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