#CryptoScam
Pakistan Cracks Down on $60M Crypto & Forex Scam
Breaking Crypto News
Pakistani authorities have dismantled a major international crypto and forex fraud network in Karachi, shutting down a scam that stole nearly $60 million from investors worldwide. The operation marks one of the country’s largest actions against digital financial crime.
Key Highlights
Approx. $60 million defrauded from victims
22 suspects arrested, including foreign nationals
Seizure of 37 computers, 40 smartphones, 10,000+ international SIM cards, and 6 illegal payment gateways
Fraudsters posed as “professional crypto traders” and “market insiders” to gain trust
How the Scam Operated Victims were initially shown fake profits to build confidence. Once trust was established, they were asked to pay so-called “taxes” or “withdrawal fees.” After payments, accounts were frozen and all communication was cut off.
Investor Alert Any promise of guaranteed profits in crypto is a serious red flag. Legitimate markets involve risk, while scammers rely on greed and urgency.
Final Thought The crypto market offers real opportunities—but only for informed and cautious investors. Stay educated, verify sources, and protect your capital.
