Pakistan’s cybercrime agency dismantled a transnational fraud network in Karachi that used fake crypto and forex trading schemes to target victims via social media.
Pakistan’s National Cyber Crime Investigation Agency (NCCIA) dismantled a $60 million online investment scam in Karachi, arresting 34 suspects, including 15 foreign nationals. The group allegedly used social media to lure victims into fraudulent cryptocurrency and forex trading platforms, which were designed to appear legitimate before misappropriating deposited funds.