Binance Assists in Busting $47.6M Fiewin Scam: Indian Enforcement Directorate Arrests 4 Suspects

According to a Binance blog update on September 25, COINOTAG news reported that India’s Enforcement Directorate (ED) has apprehended four individuals tied to the Fiewin game app scam. This fraudulent scheme has robbed victims of over $47.6 million, luring them into online gambling with promises of easy profits. The Binance Financial Intelligence Unit (FIU) played a crucial role in tracking the illicit funds and dismantling the fraud network.