BlockBeats reported that on September 25, according to the Binance blog, the Indian Enforcement Directorate (ED) arrested four people involved in the Fiewin gaming app scam, which caused victims to lose more than $47.6 million. The Fiewin app lured users into online gambling and games, claiming that they could easily make a profit. The Binance Financial Intelligence Unit (FIU) helped track the funds and uncover the fraud network.
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