2 months ago
Date: 02 Oct 2022 - 22:25

In a twoyearold gaming app fraud case the top Indian financial crime investigating agency has frozen 85.9 bitcoins equivalent to 1.6 million held in an account on Binance. Separately it also froze WRX the native coin of WazirX and USDT together worth nearly 550000.Earlier this month the agency raided several premises in Kolkata in this case and recovered Indian currency equivalent to 2.2 million. The accused in this estimated 8.5 million scam is 25yearold Aamir Khan.ENuggets ScamENuggets which ran mainly during the Covid19 lockdown offered various games and an app wallet service for the participants to deposit their money and earn attractive incentives.8220Aamir Khan 8230 launched a mobile gaming application namely ENuggets which was designed for the purpose of defrauding the public. Further after collecting a sizable amount of money from the public all of a sudden withdrawal from the said App was stopped on one pretext or the other ED said in its statement.The investigating agency further added that the accused deleted all data and profile information from the Apps servers.Giving the details of the crypto option that the accused chose to hide away the money the probe agency said Khan opened a dummy account on WazirX purchased crypto assets and transferred them to Binance.8220The balance of said transferred cryptocurrencies i.e. 77.62710139 Bitcoins equivalent to USD 1573466 Rs 12.83 Crore approximately at Binance crypto exchange has been frozen8221 the ED said.ED InvestigationInitially Federal Bank a nationallevel commercial bank lodged a First Information Report FIR at the Park Street police station in Kolkata on February 15 2022. The bank complained about suspected money laundering activities linked to Aamir Khans gaming app. But the local police reportedly did not take an interest in the case.The Directorate of Enforcement ED began its probe on the instruction of the Union Finance Ministry which reportedly received alerts about the scam and its possible links to laundering.Aamir Khan could not be apprehended by the ED on September 10 when it conducted the searches but was finally arrested on September 25. The Kolkata Police also placed the investigating officer who was accused of slack investigation under suspension after the ED action.Amid tightening regulatory scrutiny the ED has been hot on trail of fintech companies crypto exchanges and crypto scammers over the past few months.Last month CryptoPotato reported that the agency was investigating 10 private companies for suspected laundering of over 125 million. ED has searched WazirX Vauld and CoinDCX in the last month or so.Featured Image Courtesy of StatesmanThe post Indias ED Freezes 1.6 Million in BTC of Accused in Gaming App Fraud appeared first on CryptoPotato.

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