Skip to content
Bitcoin Trivia

Bitcoin Trivia

  • Home
  • News
  • Crypto
  • Analysis
  • Bitcoin
  • Contact
  • Toggle search form

Indian Authority Freezes 150 Bitcoins Held at Binance Crypto Exchange

Posted on November 13, 2022January 27, 2023 By Caden

India’s Enforcement Directorate (ED) says that it has frozen 150.22 more bitcoins held at cryptocurrency exchange Binance. The freeze is part of an investigation into mobile gaming application E-nuggets, which was designed to defraud the public, the ED said.

India Freezes More Bitcoins at Binance

India’s Enforcement Directorate (ED) announced Friday that it has frozen 150.22 bitcoins under the country’s Prevention of Money Laundering Act (PMLA). The ED is the government of India’s law enforcement and economic intelligence agency.

The case involves Aamir Khan, s/o Nesar Ahmed Khan, who launched a mobile gaming application called E-nuggets, which “was designed for the purpose of defrauding [the] public,” the ED described.

The official ED Twitter account tweeted explaining that the agency investigated a crypto wallet and user ID at cryptocurrency exchange Binance, which led to the freezing of 150.22 BTC .

Indian Authority Freeze 150 Bitcoins Held at Binance Crypto Exchange

The ED further detailed:

It was revealed during investigation that multiple accounts (more than 300) were used to launder the money. Proceeds were also used to purchase cryptocurrencies.

The authority explained that it previously froze several cryptocurrencies in the E-nuggets case. Last month, the ED said it froze 85.91870554 bitcoins at Binance as well as two crypto tokens held at Indian crypto exchange Wazirx: WRX and USDT . In addition, 44.5 more BTC were subsequently “seized and frozen ” from the residential premises of Romen Agarwal.

Agarwal “is actively involved in inter/intra country transactions related with transfer of ill-gotten money within & outside the countries received from criminals.” He has been arrested and is currently under judicial custody, the ED noted.

READ  US Seizes 18 Crypto ATMs Purchased Using Fraudulent SBA Loans — Arrests Owner

What do you think about the ED freezing more bitcoin in the E-nuggets mobile gaming app case? Let us know in the comments section below.

Binance, Directorate of Enforcement, ED, ED freezes bitcoin Binance, Enforcement Directorate, India, india freezes bitcoin, Regulation, Wazirx Tags:Binance, Directorate of Enforcement, ED, ED freezes bitcoin Binance, Enforcement Directorate, India, india freezes bitcoin, Regulation, Wazirx

Post navigation

Previous Post: Twitter Begins Mass Layoffs — Elon Musk Says ‘No Choice’ Citing $4M Loss per Day
Next Post: A Dozen Digital Assets Record Double-Digit Gains as Crypto Markets Begin to Heal After FTX’s Collapse

Related Posts

  • Report: Kenyan Police Raid Worldcoin’s Offices Just Days After Govt Suspended the Crypto Project Alex Blania
  • Report: Korean Regulator Approves Issuance and Distribution of Security Tokens Eugene Investment & Securities
  • Wechat to Prohibit Accounts From Providing Some NFT and Crypto Services accounts
  • Crypto Regulation Is Like a Flimsy Umbrella in a Monsoon business model
  • US Seizes 18 Crypto ATMs Purchased Using Fraudulent SBA Loans — Arrests Owner Coindawg
  • SEC’s ‘Secret’ Filing in Binance Case Could Relate to Criminal Investigation, Says Former SEC Official Binance

Recent Posts

  • JPMorgan CEO Warns of the Fed Raising Interest Rates to 7% With Stagflation
  • Coinbase Registers as Crypto Exchange and Wallet Provider in Spain
  • Tether Calls Out WSJ ‘Tabloid Style’ Reporting, States Outlet ‘Disregarded’ Reporting Banking Industry Woes
  • Citigroup Unveils Citi Token Services for Cash Management and Trade Finance
  • Fight for Lost BTC in Garbage Dump Continues for British Man, SBF Possibly Abused in Jail, and More — Bitcoin.com News Week in Review

Our Social

  • Pinterest
  • YouTube
  • LinkedIn
  • Twitter
  • Facebook
  • Terms and Conditions
  • Cookies Policy
  • Privacy Policy
  • Contact

FEED / RSS | Sitemap

  • Bitcoin (BTC)
  • Digital Currency
  • Central Bank
  • Bitcoin Price
  • Price
  • Altcoins
  • Analysis
  • Anonymous
  • Apps
  • APT
  • News
  • Crypto
  • Cryptocurrency
  • Market Updates
  • Regulation
  • Analysis
  • Cryptocurrencies
  • Bitcoin
  • Ethereum
  • Mining

Copyright © 2023 Bitcoin Trivia.