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<ul> 
 <li>India’s enforcement authority has seized approximately $10.5 million from an online scam app, E-Nuggets, with the assistance of major cryptocurrency exchanges.</li> 
 <li>The scam app lured customers with high return promises, posing as a gaming platform, but shut down operations once investments were made.</li> 
 <li>Binance, the world’s largest cryptocurrency exchange, is preparing to re-enter the Indian market after agreeing to pay a $2 million fine.</li> 
</ul> 
<p><strong>India’s enforcement authority cracks down on a crypto scam, seizing $10.5 million with the help of major exchanges, while Binance prepares to re-enter the Indian market.</strong></p> 
<h2 id="strong-india-s-enforcement-authority-busts-e-nuggets-scam-strong"><strong>India’s Enforcement Authority Busts E-Nuggets Scam</strong></h2> 
<p>India’s enforcement authority has seized roughly $10.5 million from an online scam app called E-Nuggets. The crackdown involved major cryptocurrency exchanges like Binance, ZebPay, and WazirX, which helped identify and block the crypto wallet accounts linked to the scam. The E-Nuggets app allegedly attracted customers with promises of high returns on investments, posing as a gaming platform. However, once the investments were made, the app shut down operations, effectively trapping the investors’ funds.</p>

India Cracks Down on e-Nuggets Scam, Binance Assists: A Major Step for Crypto Regulation (BNB)

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