A Pakistani cryptocurrency trader, Mohammed Arsalan, was kidnapped in a scheme that involved local law enforcement officers and released after paying his captors $340,000 in crypto.
Investigation into the case led to seven arrests so far, according to a recent report by local English-language news outlet Dawn. Per the report, a suspected policeman is still at large and an officer of the Pakistani Counter-Terrorism Department was among the arrested.
The kidnappers reportedly forced the 30-year-old trader to pay $340,000 from his Binance account balance. After multiple contacts with the kidnappers pretending to be looking to buy U.S. dollars from the victim, five men in civilian clothes forcibly abducted the trader after gagging him in a…
Jan 10 2025
