ED Raids Gaming Firms Gameskraft and WinZO Over Alleged Crypto-Laundering and Rigged Algorithms
India's Enforcement Directorate (ED) conducted simultaneous raids across 11 locations in Bengaluru, Delhi, and Gurugram targeting gaming platforms Gameskraft and WinZO. The action follows FIRs alleging manipulated game algorithms disadvantaged players while revealing crypto wallets potentially used to launder deposits and winnings.
Investigators seized corporate records and personal financial documents from senior executives' residences, signaling a probe into both operational misconduct and individual liability. The raids compound regulatory pressure on real-money gaming platforms after India's recent ban, with past financial fraud cases already under scrutiny.
Anonymous sources confirm the ED is tracing cryptocurrency transactions linked to promoters, though specific coins or exchanges remain unidentified. The operation highlights growing regulatory scrutiny of crypto-fiat gateways in India's digital entertainment sector.
