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    Vikshita Vitthal Gujaran in Crypto News

    12-Nov-2022 05:56 AM


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    Probe Agency Freezes Binance's 150.22 Bitcoins Equal To Rs 22.82 Crore

    India's probe agency raids a Binance wallet/user ID The Enforcement Directorate (ED) on Friday raided a wallet in Binance crytpo exchange and froze 150.22 bitcoins amounting to Rs 22.82 crore under the money laundering act.
    ED has carried out search operation on Wallet/User ID in Binance Crypto Exchange leading to freezing of 150.22 Bitcoins equivalent to Rs 22.82 Crore under PMLA, 2002, in respect to an investigation being conducted relating to the Mobile Gamming Application, namely E-nuggets. —
    ED (@dir_ed) November 11, 2022 The E-nuggets app allegedly used crypto exchanges for money laundering.
    "Further, after collecting the sizable amount of money from the public, all of a sudden withdrawal from the said App was stopped on one pretext or the other.
    In August, the ED froze the bank balance of Binance's India-based partner, crypto trading platform WazirX, which was under investigation in relation to accusations of money laundering via crypto assets.
    The transactions between WazirX and Binance have been under the radar in the past.

    Source - NDTV

    #binance