Sun. Dec 4th, 2022


India’s financial crime fighting agency has frozen additional cryptocurrencies worth around US$58,000 as part of an ongoing money laundering probe against mobile gaming application E-Nuggets and its former executive.

See related article:  Indian authorities probe alleged $125 mln money laundering cases involving crypto, report says

Fast facts

  • The additional cryptocurrencies include WRX, the utility token of Indian exchange WazirX, and the USDT stablecoin, the Enforcement Directorate (ED) said in a statement on Friday.
  • The ED said that the additional assets were found in a WazirX wallet that allegedly belonged to former E-Nuggets chief Aamir Khan and “associates.” 
  • The E-Nuggets app has allegedly duped the general public of a significant amount of money, according to the ED.
  • The agency said earlier this week it froze around US$1.6 million worth of Bitcoin that the accused allegedly laundered through WazirX and Binance.
  • Both exchanges confirmed their cooperation with the ED’s investigation to Forkast
  • Earlier this month, the ED seized about US$2.1 million in cash from Khan’s residence.

See related article: India financial crime unit cites ‘Chinese-controlled entities’ in alleged crypto fraud



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