🚨 Big Breaking
Binance Collaborates with Indian Authorities to Dismantle Online Fraud Scheme
On May 3, Binance's Financial Crime Compliance (FCC) department worked closely with the Indian Enforcement Directorate (ED) to uncover and disrupt the E-Nugget scam, a fraudulent digital investment program masquerading as a gaming platform.
Through thorough blockchain analysis and coordinated ground operations, the joint effort successfully identified and froze 42 digital asset accounts linked to the scam, totaling approximately $6 million in illicit proceeds. Additionally, hundreds of related bank accounts were also identified.
This collaboration demonstrates Binance's commitment to supporting law enforcement agencies in combating financial crimes and promoting a safer crypto environment."
