Pakistan investigates multi-million dollar cryptocurrency scam on Binance

Golden Financial announced that the Pakistani government agency has opened a criminal investigation after receiving numerous complaints about ongoing frauds involving fraudulent transfers of funds from Binance wallets to third-party wallets without knowing it. According to the report, the Pakistan Federal Bureau of Investigation (FIA) released a report on the Binance cryptocurrency exchange which has been linked to millions of cryptocurrency scammers in the region. The FIA ​​Cybercrime Office has called on Hamza Khan, chairman of Binance Pakistan, to appear in an attempt to link the exchange to "fraudulent online investing in a mobile app." Binance has also been asked to provide detailed information, including support and integration information for the APIs that crooks use to connect to Binance services. The FIA ​​has kept banks from interfering with the illegal enforcement, but the report warns: "For non-compliance, FIA cybercriminals have a pretext to impose financial fines on Binance by the National Bank of Pakistan." (cointegrator)