Skip to content

Real Cryptocurrency Hub

Crypto Comeback Pro is an auto trading platform that allows you to invest in the crypto market and start making money right away. Sign Up HERE

  • Home
  • Start Trading
  • English
    • English
    • Español
    • Italiano
    • Polski
    • Svenska
    • Deutsch
  • News
  • Mining
  • ATM
  • Bitcoin (BTC)
  • Guides
  • How To’s
  • Exchange/Wallet
  • Brokers
  • Bitcoin Price Prediction
  • Home
  • Crypto News
  • Pakistan Witnesses First Crypto Scam
  • Crypto News
  • Scams

Pakistan Witnesses First Crypto Scam

Blaine Matta January 11, 2022 2 min read

At least 100 million dollars have been embezzled from the investors of Pakistan who were allegedly victimized by a crypto fraud. This is the first crypto fraud that has ever occurred in Pakistan and is highlighted in the global press. The top law enforcement agency of Pakistan has initiated an investigation and as a first step issued a notice to an offshore crypto trading platform called, Binance and requested information.

Federal Investigation Agency of Pakistan (FIA) has alleged that a crypto fraud has occurred on Pakistani soil. The top investigation agency of Pakistan has reported that the fraud was of the ‘investment’ type. Investors were made to believe that the offer was genuine and was made to use certain types of decentralized applications. Resultantly, they lost more than US$ 100 Million under an investment fraud to the perpetrators.

DG FIA told the press that investors had been lodging complaints with the complaint cell of the Authority. In these complaints, the investors informed that some people, with whom the investors had invested, asked them to use 9 different decentralized apps. Through these apps, investors were asked to send their funds for the purposes of investment and open an account with Binance exchange. FIA noted that the victimized investors included mostly men of young age (aged between 25 to 50 years old). Each of them invested not less than US$ 100 and not higher than US$ 80,000, said FIA. However, on an average basis, each investor had invested approximately US$ 2,000 at least.

The criminals then asked the investors to use the recommended 9 apps for transferring their funds from Binance accounts into apps. After the transfers were executed successfully, these apps became in-operational and it was then that investors realized that they were scammed.

For seeking information from Binance, FIA has issued a notice to a Pakistani national who goes by the name “Hamza Khan”. This person is alleged to be a Binance representative working and residing in Pakistan. Khan has been called upon to appear in person before the authority on the 10th of January, 2022, and assist in the investigation. Meanwhile, separate questionnaires have been further sent via courier to Binance Global at its registered address in the Cayman Islands.

Post Views: 142

Continue Reading

Previous: Harmony (ONE) Loses Ground, Shedding 6% within 24 Hours
Next: Price Analysis of ZDC, FREN, PLC, and THOR

Related Stories

FTX Token Experienced an 11.72% Dip and May Plunge to $17.81, Price Analysis
2 min read
  • Altcoins
  • Crypto News
  • Price Analysis

FTX Token Experienced an 11.72% Dip and May Plunge to $17.81, Price Analysis

May 16, 2022
Terra Experienced a 23.67% Price Plummet and May Dip to $32.36, Price Analysis
2 min read
  • Altcoins
  • Crypto News
  • Price Analysis
  • Terra (LUNA)

Terra Experienced a 23.67% Price Plummet and May Dip to $32.36, Price Analysis

May 15, 2022
ShibaInu Experiences a 17.17% Surge but Still Far from Bullish Trend
2 min read
  • Altcoins
  • Crypto News
  • Price Analysis

ShibaInu Experiences a 17.17% Surge but Still Far from Bullish Trend

May 14, 2022

Read our disclaimer

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$30,464.00
3.22%
ethereum
Ethereum (ETH)
$2,081.04
3.86%
tether
Tether (USDT)
$1.00
-0.13%
usd-coin
USD Coin (USDC)
$1.00
0.05%
binancecoin
BNB (BNB)
$306.57
5.18%
ripple
XRP (XRP)
$0.433838
4.88%
cardano
Cardano (ADA)
$0.58
4.17%
polkadot
Polkadot (DOT)
$11.15
3.97%
dogecoin
Dogecoin (DOGE)
$0.090382
3.60%
Uniswap
Uniswap (UNI)
$5.29
7.43%

Recent Posts

  • FTX Token Experienced an 11.72% Dip and May Plunge to $17.81, Price Analysis

    FTX Token Experienced an 11.72% Dip and May Plunge to $17.81, Price Analysis

    It’s been almost a month since FTX Token is being dragged by the bears. On April 17, the
  • Terra Experienced a 23.67% Price Plummet and May Dip to $32.36, Price Analysis

    Terra Experienced a 23.67% Price Plummet and May Dip to $32.36, Price Analysis

    At the time of writing, the buyers are trying to defend a low trading price of Terra (LUNA)
  • ShibaInu Experiences a 17.17% Surge but Still Far from Bullish Trend

    ShibaInu Experiences a 17.17% Surge but Still Far from Bullish Trend

    If you are into the meme coins then it goes without saying that you are well aware of
  • Price Analysis of extraDNA (XDNA), Maneki-neko (NEKI), and Gleec (GLEEC)

    Price Analysis of extraDNA (XDNA), Maneki-neko (NEKI), and Gleec (GLEEC)

    Time to go through the price analysis of extraDNA, Maneki-neko, and Gleec. The reason behind their price analysis
  • Price Analysis of Gera Coin (GERA) and CouponBay (CUP)

    Price Analysis of Gera Coin (GERA) and CouponBay (CUP)

    Gera Coin and CouponBay have reportedly experienced huge rallies in the past 24-hours. Both Gera Coin and CouponBay

Start Trading

Categories

Top Posts

  • Ripple Co-Founder Joins Greenpeace to Campaign for Changing Bitcoin’s Code

    Ripple Co-Founder Joins Greenpeace to Campaign for Changing Bitcoin’s Code

    Executive chairman and co-founder of Ripple, Chris Larsen, has joined Greenpeace as well as other climate groups, for
  • Price Analysis for Fantom (FTM) Suggests it may hit $3.23 or $1.54

    Price Analysis for Fantom (FTM) Suggests it may hit $3.23 or $1.54

    The price analysis for Fantom (FTM) from TradingView shows its price is currently visiting a price worth $2.24
  • Incharge of Crypto Derivative Kucoin Describes How to React After Hack Attack

    Incharge of Crypto Derivative Kucoin Describes How to React After Hack Attack

    Kucoin, a leading crypto derivatives firm, had least expected that it could ever face a crypto hack because
  • Latest Development in Ripple Labs Lawsuit: SEC Ready for Offense Once Again

    Latest Development in Ripple Labs Lawsuit: SEC Ready for Offense Once Again

    The Securities and Exchange Commission of USA has called out blockchain enterprise Ripple Labs on trial under the
  • Blockchain Startup Neuromorphic.Io Gets $ 1.5 Million In Funding

    Blockchain Startup Neuromorphic.Io Gets $ 1.5 Million In Funding

    The Munich startup Neuromorphic.io has raised over $ 1.5 million from investors as part of an initial coin

Archives

You may have missed

FTX Token Experienced an 11.72% Dip and May Plunge to $17.81, Price Analysis
2 min read
  • Altcoins
  • Crypto News
  • Price Analysis

FTX Token Experienced an 11.72% Dip and May Plunge to $17.81, Price Analysis

May 16, 2022
Terra Experienced a 23.67% Price Plummet and May Dip to $32.36, Price Analysis
2 min read
  • Altcoins
  • Crypto News
  • Price Analysis
  • Terra (LUNA)

Terra Experienced a 23.67% Price Plummet and May Dip to $32.36, Price Analysis

May 15, 2022
ShibaInu Experiences a 17.17% Surge but Still Far from Bullish Trend
2 min read
  • Altcoins
  • Crypto News
  • Price Analysis

ShibaInu Experiences a 17.17% Surge but Still Far from Bullish Trend

May 14, 2022
Price Analysis of extraDNA (XDNA), Maneki-neko (NEKI), and Gleec (GLEEC)
2 min read
  • Altcoins
  • Crypto News
  • Price Analysis

Price Analysis of extraDNA (XDNA), Maneki-neko (NEKI), and Gleec (GLEEC)

May 13, 2022
  • Kraken
  • OrbitGTM
  • Fxoro
  • BTC-Trends
  • KuCoin
  • Huobi
  • Bitfinex
  • PrimeXBT
  • United Exchange
  • Impressive Area
  • DG Flex
  • Tredexo
  • Sure Exchange
  • CTmatador
  • DXCBIT
  • IBC Exchange
  • CryptoPayIn
  • PrimeHolders
  • CMC Markets
  • XCGIN
  • Globe Exchange
  • XPRTcoin
  • Mainrow
  • Goldvence
  • Gamma Capitals
  • Towards Soure
  • CoinsMarkets
  • Cryptos Circus
  • Easy Crypto4U
Copyright © All rights reserved. | DarkNews by AF themes.
  • bitcoinBitcoin(BTC)$30,464.003.22%
  • ethereumEthereum(ETH)$2,081.043.86%
  • tetherTether(USDT)$1.00-0.13%
  • usd-coinUSD Coin(USDC)$1.000.05%
  • binancecoinBNB(BNB)$306.575.18%
  • rippleXRP(XRP)$0.4338384.88%
  • cardanoCardano(ADA)$0.584.17%
  • SolanaSolana(SOL)$56.735.62%
  • polkadotPolkadot(DOT)$11.153.97%
  • dogecoinDogecoin(DOGE)$0.0903823.60%
  • bitcoin-cashBitcoin Cash(BCH)$206.534.59%
  • UniswapUniswap(UNI)$5.297.43%