Enforcement Directorate and Binance crack down on Fiewn gaming app scam

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The story "Enforcement Directorate and Binance crack down on Fiewn gaming app scam" was covered 3 days ago by Business Standard, a news publisher based in India.

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Enforcement Directorate and Binance crack down on Fiewn gaming app scam - Business Standard

Quick Summary:

However, reports surfaced that once users’ accounts accumulated substantial funds, the app prevented them from withdrawing the money, leaving them unable to recover their funds.

Binance’s specialized investigation team is a great example of how private-sector firms can work closely with law enforcement.

The money was laundered using digital wallets linked to a global cryptocurrency exchange.