{"id":69945,"date":"2022-11-11T16:32:00","date_gmt":"2022-11-11T14:32:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=69945"},"modified":"2025-09-07T23:01:59","modified_gmt":"2025-09-07T20:01:59","slug":"indian-authorities-freeze-2-5-million-linked-to-e-nuggets-app","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/indian-authorities-freeze-2-5-million-linked-to-e-nuggets-app\/","title":{"rendered":"Indian authorities freeze $2.5 million linked to E-nuggets app"},"content":{"rendered":"<p>The Enforcement Directorate (ED) of India&apos;s Finance Ministry sent a request to Binance to <a href=\\\"https:\/\/enforcementdirectorate.gov.in\/sites\/default\/files\/latestnews\/Press%20release%20E-NUGGETS%2011-11-2022.pdf\\\">block<\/a> 150.22 BTC (~$2.5 million) belonging to the E-nuggets team. The developers are accused of money laundering.<\/p>\n<p>The total value of assets frozen in this case is estimated at $8.4 million.<\/p>\n<p>In February 2021, Kolkata law enforcement received a complaint against the dapp&apos;s creator, Amir Khan. It alleged that he and his associates launched E-nuggets, attracted \u201csignificant sums\u201d from the public, after which they abruptly blocked withdrawals and deleted all data from the app.<\/p>\n<p>Amir Khan&apos;s whereabouts have been unknown since the investigation began.<\/p>\n<p>The ED said that \u201cmore than 300 accounts on cryptocurrency platforms were used for money laundering.\u201d<\/p>\n<p>In early 2022, authorities managed to freeze 77.6 BTC (~$1.5 million) linked to E-nuggets.<\/p>\n<p>Earlier in September, the Indian bitcoin exchange WazirX<a href=\"https:\/\/u1f987.com\/en\/news\/indian-authorities-unfreeze-assets-of-bitcoin-exchange-wazirx\"> gained access<\/a> to its bank accounts, blocked by the ED. The funds were frozen amid suspicions <a href=\"https:\/\/u1f987.com\/en\/news\/binance-owned-indian-exchange-wazirx-suspected-of-laundering-350-million\">of money laundering $350 million<\/a>.<\/p>\n<p>In August, Binance CEO Changpeng Zhao said that the company <a href=\"https:\/\/u1f987.com\/en\/news\/changpeng-zhao-denies-link-between-binance-and-indian-bitcoin-exchange-wazirx\">never owned<\/a> a stake in Zanmai Labs, the entity behind WazirX. He said the deal announced in November 2019 never closed.<\/p>\n<p>Subsequently, WazirX co-founder Nischal Shetty <a href=\"https:\/\/u1f987.com\/en\/news\/wazirx-co-founder-refutes-claims-by-binance-chief-changpeng-zhao\">refuted<\/a> Zhao&apos;s statements regarding the companies\u2019 relationship. He said there are documents confirming the sale, but he cannot show them \u201cfor legal reasons\u201d.<\/p>\n<p>Follow ForkLog&apos;s bitcoin news on our <a href=\\\"\/\/telegram.me\/forklog\u201d\\\" target=\\\"\u201c_blank\u201d\\\" rel=\\\"\u201cnofollow\u201d noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Enforcement Directorate (ED) of India&apos;s Finance Ministry has sent a request to Binance to block 150.22 BTC (~$2.5 million) belonging to the E-nuggets team. The developers are accused of money laundering.<\/p>\n","protected":false},"author":1,"featured_media":69946,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[278,36],"class_list":["post-69945","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-india","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69945","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=69945"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69945\/revisions"}],"predecessor-version":[{"id":69947,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69945\/revisions\/69947"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/69946"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=69945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=69945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=69945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}