The Enforcement Directorate has said it has taken possession of the frozen crypto assets worth close to Rs 90 crore, available in 70 accounts, maintained with Binance, ZebPay and WazirX holding funds, which were linked to the E-Nugget scam.
These crypto assets were subsequently taken into possession of ED and transferred into the Crypto wallet of ED, the agency said in a statement.
What is E-Nugget scam?
Directorate of Enforcement (ED), Kolkata, said it led a successful operation against a major online gaming app scam known as E-Nugget.
The E-Nugget app, masqueraded as a gaming platform, promised users high returns on their investments.
Offering a series of enticing games designed for real-money wagering and promising users hefty commissions, the app painted a picture of a golden investment opportunity.
However, this facade quickly fell apart once investments were made, with the app going dark and leaving investors stranded without a way to reclaim their funds, the agency said.
The unravelling began in 2022 when ED exposed the operation and discovered that part of the ill-gotten gains was invested in digital assets.
During investigation, nearly 2500 mule/ dummy bank accounts were identified, and the same were analyzed, the statement said.
During searches, cash amount totaling to Rs. 19 Crore approx. were seized.
Mastermind of the scam namely Aamir Khan was also arrested and is presently in Judicial Custody.
