E-Nuggets is facing the heat of ED as the regulatory authorities froze an additional $58,000 worth of WRX and USDT in the E-Nuggets crypto money laundering case.
The ED Charged Khan Of Defrauding Public Using E-Nuggets
In a press release on Friday, the Enforcement Directorate (ED) of India announced that it is freezing funds linked to WRX and USDT tied to the case. According to the Directorate, the funds amount to Rs 47.64 Lakhs.
The press release goes on to say that the latest actions have been done under the purview of the Prevention of Money Laundering Act (PMLA). ED added that already an investigation is on into the founder of E-Nuggets, Aamir Khan. The authorities have also unearthed assets in a WazirX wallet owned by Khan.
As per information from ED, the money laundering trail was unearthed two days back. Aamir Khan has regularly used the E-Nuggets gambling platform for his laundering practices. Khan is alleged to have been involved in fraudulent acts that led to the loss of funds for users of e-nuggets.
The money was collected from the public, and withdrawal from the said App was stopped on one excuse. After that, all data, including profile information, was deleted from the said App servers
India has been very aggressive in its fight against crypto money laundering; the latest move to freeze about $1.5M in cryptocurrencies belonging to Khan is a part of the investigation following complaints filed against Aamir Khan and E-Nuggets in February 2021.
Khan had allegedly siphoned off his ill-gotten gains through cryptocurrencies and used WazirX to transfer the crypto assets to the Binance exchange. Binance has since frozen the support after a request from ED. WazirX has also been cooperating in investigating the money laundering by ED.