[Pakistani Police Dismantle Crypto Investment Scam Group Involving Approximately $60 Million]
On December 27, the National Cyber Crime Investigation Agency (NCCIA) of Pakistan conducted a joint raid in Karachi, dismantling an international group involved in a crypto investment scam, with the case amounting to approximately $60 million. During the operation, police arrested 34 individuals in the Defense Housing Authority Phases 1 and 6, including 15 foreign nationals and 19 Pakistani citizens. Sindh Province Interior Minister Ranjhar stated that the group carried out long-term scams through social media and instant messaging apps, luring victims into participating in fraudulent cryptocurrency and forex trading schemes. Authorities seized 37 computers, 40 mobile phones, over 10,000 international SIM cards, and six illegal communication gateway devices. Currently, 22 suspects have been placed under judicial custody, and the investigation is ongoing.