Binance Pledges its Full Support to FIA
Yesterday, Binance contacted FIA Cyber Crime Sindh and ensured its full support regarding the probe into the crypto fraud. The scam involved 11 fraudulent apps that used Binance blockchain addresses. In a tweet, the head of FIA Cyber Crime Zone Sindh, Imran Riaz said, “Binance has nominated a two-member team to coordinate with FIA Cyber Crime,” Imran said. Furthermore, the official told that two members that have been nominated by Binance are ex investigators of the U.S. Department of Treasury and specialize in cryptocurrency investigations. The announcement from Binance has created a glimpse of hope for Pakistanis who, have lost around $100 million in the crypto scam. Online Investment Frauds on the Rise in Pakistan: Moreover, the federal agency through a statement informed that numerous online investment frauds are going on in the country on the pattern of Ponzi Schemes. In such cases, investors are promised unrealistically high returns on their investment if they bring in more clients. “These schemes benefit old clients at the cost of new clients and ultimately disappear when they have made substantial capital base worth billions of rupees,” added the statement. Check out? FIA Directs Authorities to Arrest Culprits Involved in Crypto Scam
