Chinese App Scam - Probe Agency busts Rs 400 crore Scam

An investigation against an online gaming app has led the Enforcement Directorate (ED) to a Rs 400-crore fraud involving Chinese nationals. The ED has now frozen the accounts of some Chinese nationals linked to the online gaming app, Fiewin. About Rs 25 crore has been frozen. The app, initially presented as a legitimate platform for earning money through games, was found to be a scam. The Fiewin app gained traction by promising users the opportunity to earn money easily by playing mini-games. New users could quickly create an account and begin participating in the app's activities, with the option to "top up" their in-app balance via various payment methods. However, once users' accounts had substantial funds, the app stopped allowing them to withdraw the funds. In the last few years, we have seen several instances where people were duped by online but offshore / illegal gambling apps.