Home Binance Says It Helped Indias ED Trace $47.6 mn Gaming Scam

Binance Says It Helped Indias ED Trace $47.6 mn Gaming Scam

Share
Share
By Kapil Rajyaguru

Binance Says It Helped India’s ED Trace $47.6 mn Gaming Scam

Binance, the world’s largest cryptocurrency exchange by trading volumes, has helped India’s Enforcement Directorate (ED), the authority investigating financial crimes, arrest four individuals in a gaming scam worth $47.6 million.

The fraud is related to the Fiewin gaming app in which victims were lured into online betting and gaming, promising easy earnings before trapping their funds.

Alameda’s former CEO, Caroline Ellison Sentenced For 2 Years, To Forfeit $11 bn.

Former Alameda Research CEO, Caroline Ellison has been sentenced to serve for 24 months (two years) in prison by a U.S. federal judge on Tuesday. Ellison, who is 29, was the girlfriend of crypto company, FTX’s founder and CEO, Sam Bankman-Fried.

According to the sentence, Ellison will also forfeit about $11 billion. She could serve the sentence at a minimum-security facility near Boston, where her family lives. She will also spend three years on supervised release after she serves her term.

Societe Generale-Forge Partners with Bitpanda For Euro Stablecoin Ahead of MiCA.

Global banking conglomerate Societe Generale has partnered with Bitpanda, to grow crypto and stablecoins into a key component of the global financial system.

Bitpanda will work with the banking conglomerate’s blockchain subsidiary, Societe Generale-FORGE, to advance the mainstream adoption of its euro-denominated stablecoin EUR CoinVertible (EURCV).

Turkey Halts Plans For New Taxes On Stocks And Crypto Investments.

Turkey has decided not to introduce any new taxes on profits from stock trading and cryptocurrency investments this year.

This comes after initial plans to tax stock market profits faced backlash earlier this year, as the stock market has been a popular option for many Turkish investors trying to hedge against inflation.

Share

Latest News

News

CEX Perpetual Futures Volume Falls To $4T, Lowest Since Late 2023

Crypto perpetual futures trade activity on controlled exchanges fell to $4 trillion in July, the lowest level in 31 months. Volumes were...

News

Bybit Secures Court-ordered Asset Freeze To Sue North Korea Over $1.5B Hack

United States court records unsealed on Thursday show that a federal judge backed crypto exchange Bybit’s effort to trace assets stolen in...

News

Grayscale Ethereum Staking Mini ETF To Pay Monthly Cash Rewards

Grayscale Investments, an American digital currency asset management company has formally updated the structure of its Ethereum Staking Mini ETF (NYSE: ETH)...

News

US Spot Bitcoin ETFs Post Best Week Since April With $1B Inflows

Demand for US spot Bitcoin exchange-traded funds (ETFs) rebounded sharply last week, signaling renewed investor appetite after months of uneven flows, even...

Related Articles

Best Memecoin Launchpads Of 2026

Memecoins have been a point of attraction for crypto investors since their...

Best AI Crypto Projects Of 2026

The Artificial Intelligence (AI) sector is attracting very significant venture capital investments...

This Is How Indians Can Invest In Global Assets In 2026

Introduction Can Indians invest in global assets, too? The answer is yes....

Click, Tokenize, Own: How RWA Tokenization Is Rewriting Financial Markets

A Quiet Revolution In Ownership Each generation tends to think it is...