1 year ago
India’s Enforcement Directorate (ED) says that it has frozen 150.22 much bitcoins held astatine cryptocurrency speech Binance. The frost is portion of an probe into mobile gaming exertion E-nuggets, which was designed to defraud the public, the ED said.
India Freezes More Bitcoins astatine Binance
India’s Enforcement Directorate (ED) announced Friday that it has frozen 150.22 bitcoins nether the country’s Prevention of Money Laundering Act (PMLA). The ED is the authorities of India’s instrumentality enforcement and economical quality agency.
The lawsuit involves Aamir Khan, s/o Nesar Ahmed Khan, who launched a mobile gaming exertion called E-nuggets, which “was designed for the intent of defrauding [the] public,” the ED described.
The authoritative ED Twitter relationship tweeted explaining that the bureau investigated a crypto wallet and idiosyncratic ID astatine cryptocurrency speech Binance, which led to the freezing of 150.22 BTC.
The ED further detailed:
It was revealed during probe that aggregate accounts (more than 300) were utilized to launder the money. Proceeds were besides utilized to acquisition cryptocurrencies.
The authorization explained that it antecedently froze respective cryptocurrencies successful the E-nuggets case. Last month, the ED said it froze 85.91870554 bitcoins astatine Binance arsenic good arsenic 2 crypto tokens held astatine Indian crypto speech Wazirx: WRX and USDT. In addition, 44.5 much BTC were subsequently “seized and frozen” from the residential premises of Romen Agarwal.
Agarwal “is actively progressive successful inter/intra state transactions related with transportation of ill-gotten wealth wrong & extracurricular the countries received from criminals.” He has been arrested and is presently nether judicial custody, the ED noted.
What bash you deliberation astir the ED freezing much bitcoin successful the E-nuggets mobile gaming app case? Let america cognize successful the comments conception below.
Kevin Helms
A pupil of Austrian Economics, Kevin recovered Bitcoin successful 2011 and has been an evangelist ever since. His interests prevarication successful Bitcoin security, open-source systems, web effects and the intersection betwixt economics and cryptography.
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