Zebpay

The Enforcement Directorate on Tuesday said it has taken possession of funds worth Rs 90 crore, kept in cryptocurrency wallets of exchanges like Binance, ZebPay and WazirX, as part of a money laundering investigation linked to an online gaming app "scam". "These crypto assets were subsequently taken into possession and transferred into the crypto wallet of the ED," the federal agency said in a statement. The investigation pertains to an online gaming scam app "scam" called 'E-Nugget' that masqueraded as a gaming platform and "promised" users high returns on their investments. An FIR filed at the Park Street Police Station of Kolkata became the basis of the ED case that was registered under the provisions of the Prevention of Money Laundering Act (PMLA). The app offered a series of enticing games designed for real-money wagering promised users hefty commissions and painted a picture of a "golden investment" opportunity, the ED said. However, this facade quickly fell apart once ...

Users will be able to connect a ZebPay account to their Brave Rewards wallet to earn these tokens

Binance Holding CEO Zhao "CZ" Changpeng said India's onerous taxes on cryptocurrency transactions will probably "kill the industry"

Daily trading volume on ZebPay has dropped from a high of $122 million in October 2021 to just over $700,000, data from Nomics shows

India had banned banks and other regulated entities from supporting crypto transactions in 2018. The Supreme Court removed the curbs last year in response to a petition by cryptocurrency exchanges

Launched in 2015, Zebpay was one of the largest entities in the cryptocurrency business in India

Launched in 2015, Zebpay is arguably one of the largest entities in the cryptocurrency business in India