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Cryptopolitan 2024-09-25 17:35:13

Binance helps Indian authorities track down $47.6M in gaming scams

Binance, the world’s largest cryptocurrency exchange by trading volumes, has assisted India’s Enforcement Directorate (ED) in taking down a massive gaming scam worth $47.6 million. The scam was linked to the Fiewin app, and it involved luring users into online betting schemes, promising easy earnings, only to trap their funds. Binance’s Financial Intelligence Unit (FIU)

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