Pakistani Authorities Dismantle $60 Million Cryptocurrency Scam Network
According to PANews, Pakistani authorities have dismantled a transnational cryptocurrency investment scam network in Karachi, involving approximately $60 million. The raid resulted in the seizure of 37 computers, 40 mobile phones, over 10,000 international SIM cards, and six illegal payment gateway devices. The scam group employed social media and instant messaging tools for long-term social engineering, posing as traders or 'insiders' to lure victims into fake cryptocurrency and forex trading platforms, promising high returns.
Victims were gradually deceived into investing funds, and when their investments approached $5,000, the scammers demanded additional fees under the guise of taxes, withdrawal charges, or account verification fees. After payment, victims found their account access frozen and communication completely cut off.
Currently, 22 suspects, including eight foreign nationals, are in custody awaiting trial. The National Cyber Crime Investigation Agency (NCCIA) has launched an investigation under various sections of the Prevention of Electronic Crimes Act and the Pakistan Penal Code.
Trading on Binance is like a battlefield — if you're not wearing a bulletproof vest, the shrapnel of words will hit you before the bullets. Some pretend to be experts while still learning, others silently watch to collect your signals and trade against you. Don’t be easy . Be smart — never reveal your strategy or moves. In this arena, the smartest survive. Emotional traders and beginners fall first
Every time Trump mentions tariffs, crypto prices drop — as if America's most important import is Ethereum 😅
But let’s explain simply: tariffs = taxes on imports. This means if you import a product for $100, with a 10% tariff, you pay $100 to the seller + $10 to the government.
The result? Prices go up, consumers spend less, the economy slows down, and investors flee from risky assets like crypto and move to gold.
So why do they impose tariffs? To encourage local manufacturing. There are no tariffs on imports if there are no imports at all! But self-reliance takes time, effort, and resources.
In summary: tariffs = market confusion and make it unstable
First, my teacher, this is not philosophy; I published it for your benefit. Secondly, the Binance platform has high-risk products "leverage"; stay away from them, and I promise you won't lose... just be patient, invest, and don't take risks.
HAL1979
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Enough heresy and philosophy, man. Most new currencies are fraudulent and are being manipulated. If the platform respected itself, it wouldn't have listed them and allowed them to steal people's money. Don't tell me it's beginner's luck and don't copy the article from somewhere.
First, my teacher, this is not philosophy; I posted it for your benefit. Second, the Binance platform has high-risk products "leverage." Stay away from it, and I promise you will not lose... just be patient And invest without taking risks.
AK11RM
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Bearish
"Every time I trade, I lose... The first trade I made was a win, and then I just started losing!" Do you feel like this is about you? The first trade you made was a win, and you felt like you understood the market. But then the losses started piling up, one after the other, as if the market was against you.
This is the beginning for most traders. What happened to you is called beginner's luck. The market gave you a break at the start, but not because you're a pro... because you were lucky. Just keep in mind: luck doesn't last, skill is what keeps you going and winning.
How do you turn losses into profits?
Stop playing, and start learning: understand the market structure, how to manage your risks, and what confirmation signals mean.
Patience is more important than haste: strong opportunities don't come every minute. Wait for the trade that's worth it.
Stick to your plan: don't let emotions control you. Follow your strategy and stay steady.
Record your mistakes and learn from them: every loss has a lesson. Review your trades and evolve.
An important example: Bull Trap The price breaks above resistance, many people buy hoping the market will go up... and suddenly the price reverses and drops, leaving buyers in a tough spot.
Why does this happen? Because they entered without confirmation.
The solution? Wait for confirmation of the movement, watch the volume, and don't enter the trade just because you're excited.
"I lose money every time I trade... I won at first, then I started losing consistently!" Does this sound familiar to you? I made my first trade and won quickly, and at that moment, I felt like I understood the secrets of the market. But soon, the losses began to pile up, one after another, until you started to feel like the market was against you.
Welcome to the real trading world. What happened to you is known as beginner's luck. You won at first, not because you are an expert, but because the market happened to move in your favor. But remember: luck does not last, while skill is what ensures your continuity and success.
How do you transition from losing to winning?
Stop gambling and start real learning: delve into understanding market structure, risk management rules, and confirmation signals before entering any trade.
Value patience and avoid haste: good opportunities do not come constantly; they require waiting and precision in timing.
Stick to your trading plan: emotional trading leads to losses, while adhering to a well-thought-out plan is the key to success.
Record your mistakes and learn from them: every loss carries a lesson within it. Review your trades, identify the mistakes, and improve your skills.
"Every time I trade, I lose... The first trade I made was a win, and then I just started losing!" Do you feel like this is about you? The first trade you made was a win, and you felt like you understood the market. But then the losses started piling up, one after the other, as if the market was against you.
This is the beginning for most traders. What happened to you is called beginner's luck. The market gave you a break at the start, but not because you're a pro... because you were lucky. Just keep in mind: luck doesn't last, skill is what keeps you going and winning.
How do you turn losses into profits?
Stop playing, and start learning: understand the market structure, how to manage your risks, and what confirmation signals mean.
Patience is more important than haste: strong opportunities don't come every minute. Wait for the trade that's worth it.
Stick to your plan: don't let emotions control you. Follow your strategy and stay steady.
Record your mistakes and learn from them: every loss has a lesson. Review your trades and evolve.
An important example: Bull Trap The price breaks above resistance, many people buy hoping the market will go up... and suddenly the price reverses and drops, leaving buyers in a tough spot.
Why does this happen? Because they entered without confirmation.
The solution? Wait for confirmation of the movement, watch the volume, and don't enter the trade just because you're excited.
See my returns and portfolio breakdown. Someone give me idea about the investment, because I'm new here. Follow for investment tips. just see this is my portfolio, i wanna learn trading, can someone tell me about the best YouTuber or adviser