ISLAMABAD: Hopes of those Pakistanis who had lost their hard-earned money to the online Rs18 billion cryptocurrency fraud have risen as global crypto exchange Binance has assured the Federal Investigation Agency (FIA) of full cooperation in its investigators into the scam.
In a statement, FIA cybercrime wing Additional Director Imran Riaz Tuesday confirmed that Binance had made telephonic contact with the FIA and officially sent an e-mail, assuring them of their cooperation in the investigation related to the fraud.
The international crypto exchange has appointed two of its officials for cooperation into the probe, he added. Without giving names, Imran Riaz said that the two officials of Binance were former employees of the US finance department and had been investigating financial crimes.
Billions of rupees were transferred from Pakistan to China through 11 mobile applications, revealed Imran Riaz.
Pakistanis lose billion to online cryptocurrency fraud
The FIA had detected an online fraud of USD100 million (Rs17.7 billion) using a cryptocurrency and issued a notice to the local representative of Binance to appear in person on Jan 10, local media had reported on January 8.
Sharing details of the fraud, FIA’s Additional Director Imran Riaz had said that those involved in the online fraud transferred the money abroad via cryptocurrency.
“We launched a probe after receiving complaints regarding a fraud involving billions of rupees being committed using nine online…
