🚨BREAKING: Pakistani Authorities Dismantle $60 Million Cryptocurrency Scam Network.......
Pakistani law enforcement agencies have dismantled a large-scale cryptocurrency scam network involving losses of nearly $60 million, according to official sources. The operation targeted an organized group accused of running fraudulent crypto investment schemes that lured victims with promises of high and guaranteed returns.
Authorities revealed that the network operated through social media platforms, messaging apps, and fake trading portals, convincing both local and overseas investors to transfer funds in digital assets. Several arrests have been made, while investigations continue to trace remaining suspects and recover stolen funds.
Officials stated that this crackdown reflects Pakistan’s increasing focus on financial cybercrime and the misuse of crypto currencies for fraud. Regulators also warned the public to remain cautious of unverified crypto projects and unrealistic profit claims, emphasizing that digital assets do not guarantee returns.
The case highlights growing regional efforts to strengthen oversight, improve enforcement capabilities, and protect investors as crypto adoption continues to rise.