Pakistan’s Federal Investigation Agency (FIA) has launched a probe into apps using Binance wallet addresses possibly involved in fraud, estimating losses near $100 million.
They’ve identified at least 26 suspicious blockchain wallet addresses and served legal notices to social media influencers promoting these apps.
Pakistanis affected have investment amounts ranging from $100 to $80,000 per person.
Authorities are working with Binance to block relevant bank accounts and demand transaction data from Telegram app admins to trace the scam’s operators.
They’ve identified at least 26 suspicious blockchain wallet addresses and served legal notices to social media influencers promoting these apps.
Pakistanis affected have investment amounts ranging from $100 to $80,000 per person.
Authorities are working with Binance to block relevant bank accounts and demand transaction data from Telegram app admins to trace the scam’s operators.