🚔 Major Crackdown: $60 Million International Crypto Scam Dismantled in Pakistan!

The National Cyber Crime Investigation Agency (NCCIA) has successfully busted an international cartel involved in a massive $60 Million cyber and crypto fraud.

The Details:

Scale of Operation: 34 individuals arrested in a coordinated nationwide crackdown, including 15 foreign nationals in Karachi.

The Modus Operandi: The network lured victims via social media with promises of high returns on fake crypto and forex trading platforms.

The Exit: Once victims committed large sums, the scammers blocked accounts and siphoned funds through local banks, eventually converting them into crypto to move across borders.

This bust comes at a critical time as Pakistan moves toward a formal licensing regime under the Pakistan Virtual Assets Regulatory Authority (PVARA). 🛡️

#Pakistan #Cryptoscam #CyberSecurity #Regulation #BinanceSquare