Binance Says it Helped India's Enforcement Directorate Trace $47.6 million Related to a Gaming Scam
Binance, the leading global cryptocurrency exchange, has announced its collaboration with India’s Enforcement Directorate (ED) in uncovering a major gaming scam. The ED, responsible for investigating financial crimes in India, has successfully arrested four individuals involved in the scam, which amounts to a staggering $47.6 million.
This partnership between Binance and the ED highlights the exchange’s commitment to combating fraudulent activities in the cryptocurrency space. By working closely with law enforcement agencies, Binance aims to uphold the integrity of the industry and protect investors from potential scams and fraud.
The individuals arrested in connection with the gaming scam are currently under investigation, and further details about the case are expected to emerge in the coming days. Binance has assured its users that it will continue to cooperate with authorities to ensure the perpetrators are brought to justice.
