ChainCatcher news, according to Bitcoin.com, the Indian Enforcement Agency has uncovered a $48 million fraud case related to the online gaming app Fiewin, which is related to Chinese citizens.

After an in-depth investigation, about $3 million in accounts associated with these individuals were frozen. The scam lured users with a quick money-making plan but blocked the withdrawal of funds. The investigation also involved the assistance of Binance, revealing the complex transfer of cryptocurrencies to China.