Highlights

A massive ₹400 crore scam involving a Chinese online gaming app, Fiewin, has been uncovered
The scam promised users easy money through mini-games
But once the users tried to withdraw their winnings, they were blocked

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Massive ₹400 Crore Chinese Scam Busted in India – Fiewin Exposed!

Name: Massive ₹400 Crore Chinese Scam Busted in India – Fiewin Exposed!
Uploaded: 2024-09-26T19:34:37.000+05:30
Duration: T01M00S
Channel: Editorji News Desk
Description: Massive ₹400 Crore Chinese Scam Busted in India – Fiewin Exposed!

This operation had Indian accomplices in Tamil Nadu, Orissa, and Bihar, leading to widespread victimization

Updated: Sep 02, 2022 10:53

Editorji News Desk

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Massive ₹400 Crore Chinese Scam Busted in India – Fiewin Exposed!

A massive ₹400 crore scam involving a Chinese online gaming app, Fiewin, has been uncovered by Indian authorities with help from Binance, the world's largest cryptocurrency exchange.

The scam promised users easy money through mini-games, but once they tried to withdraw their winnings, they were blocked.

As per an NDTV report, the Enforcement Directorate (ED) arrested four Indians in Kolkata for allegedly assisting the Chinese nationals involved in this scheme.

The investigation received support from Binance, the world’s largest cryptocurrency exchange. In addition, around ₹25 crore has been frozen in connection with the probe.

Investigators discovered the fraudsters used cryptocurrency to transfer stolen funds, making it difficult to trace.

This operation had Indian accomplices in Tamil Nadu, Orissa, and Bihar, leading to widespread victimization.