Explained: How ED cracked down on Rs 400 crore ‘Chinese’ gaming app scam

The Enforcement Directorate (ED) has identified and arrested four individuals in connection with an online gaming app, Fiewin. The app, initially presented as a legitimate platform for users to earn money through games, is now under investigation for its role in defrauding users of over Rs 400 crore. The money was then laundered using digital wallets linked to a global crypto exchange.