ChainCatcher reports that Pakistan’s National Cyber Crime Investigation Agency (NCCIA) conducted a joint raid in Karachi, dismantling an online investment scam network known as an international fraud syndicate, involving approximately $60 million.
During the operation, police arrested 34 individuals in phases 1 and 6 of the Defense Housing Authority area, including 15 foreigners and 19 Pakistani citizens. Sindh Interior Minister Rana Janjar stated that the group used social media and instant messaging apps to carry out long-term account cultivation scams on domestic and international victims, luring them into fake cryptocurrency and forex trading schemes. Police seized 37 computers, 40 mobile phones, over 10,000 international SIM cards, and 6 illegal communication gateway devices.
