look news india
ED's investigation into an online gaming app has revealed a fraud worth Rs 400 crore by the Chinese. ED has also frozen the accounts of some Chinese citizens associated with this online gaming app called Feevin. An amount of Rs 25 crore has been seized.
Recently, ED officials in Kolkata had arrested four Indians who were helping the Chinese in the fraud. On the basis of the information that came to light during the interrogation, the ED has exposed the entire case. ED also got help from Binance, the world's largest cryptocurrency exchange, in the entire investigation. The Feevin app attracted users with the pretext of an opportunity to earn easy money by playing mini games. New users can instantly create an account and participate in app activities with the option to top up their balance in the app through various payment methods. However, once a large amount of money was deposited in the user's account, the app did not allow him to withdraw the money. As complaints increased, the case was transferred from the local police to ED. In this way, fraud of about Rs 400 crore was done through the app. The fraudulent amount was deposited in the form of cryptocurrency in 8 Binance wallets of some Chinese citizens.
