The Indian Enforcement Directorate has uncovered a $48 million cryptocurrency scam related to the online gaming application Fiewin

ChainCatcher news, according to Bitcoin.com, the Indian Enforcement Directorate has uncovered a massive $48 million scam related to the online gaming app Fiewin, which involves Chinese nationals.

After an in-depth investigation, approximately $3 million in accounts linked to these individuals have been frozen. The scam lured users with a quick money-making scheme but blocked fund withdrawals. The investigation also involves assistance from Binance, revealing a complex transfer of cryptocurrency to China.