India's Enforcement Directorate (ED) has intensified its crackdown on cryptocurrency-related frauds, seizing assets and collaborating with both domestic and international bodies, including authorities in the United States. The ED's recent operations include a major drug trafficking bust involving INR 3,000 crore ($360 million) and a separate case targeting online gaming scams. In the latter, the ED seized approximately INR 90 crore ($10.5 million) from 70 accounts across platforms like Binance, ZebPay, and WazirX, linked to the fraudulent E-Nugget app. This collaborative effort marks a significant step in India's fight against cybercrime and money laundering.
UPDATE: INDIA’S ENFORCEMENT DIRECTORATE (ED) SEIZES $10.5M FROM E-NUGGETS ONLINE SCAM APP, WITH ASSISTANCE FROM BINANCE, ZEBPAY, AND WAZIRX
📣 Latest News: Indian enforcement agency collaborates with Binance to bust scam app #news #cryptonews #crypto
India's Enforcement Directorate (ED) has cracked down on two major crypto scams operating in the nation, duping investors by promising massive returns https://t.co/BekSa2UUbz
ED has taken possession of frozen crypto assets worth close to ₹ 90 crore, earlier kept in 70 accounts maintained with Binance, ZebPay, and WazirX. This is in connection with a money laundering case involving online gaming app ‘E-Nugget’, the agency said. https://t.co/jdhGUpAMzD
ED seizes Rs 90 crore funds kept in Binance, ZebPay, WazirX wallets https://t.co/j1Se0dTV31
India’s Enforcement Directorate (ED) has collaborated with authorities in the United States to crack down on an INR 3000 crore (approx $360 million) drug trafficking operation involving crypto https://t.co/fZQLBWfiDA