Recently, Pakistani law enforcement uncovered a large-scale international scam case. On December 27th, the National Cyber Crime Investigation Bureau of Pakistan launched a joint operation in Karachi, successfully dismantling a transnational online investment scam gang involved in up to $60 million. During the operation, 34 suspects were arrested on the spot, including 15 foreigners.

The gang's methods were quite covert. They used social media and instant messaging tools to promote fake cryptocurrency and forex trading projects, engaging in so-called "account nurturing" scams. They first fabricated false profit data to gain victims' trust. Once victims invested around $5,000, the scammers began charging various fees—review fees, withdrawal fees, tax fees, and so on—continuously demanding additional investments from victims. By the time victims realized something was wrong, their accounts had already been frozen, and the scam gang had vanished into thin air. The key point is that these illicit funds eventually flow into overseas accounts and are converted into cryptocurrencies for cross-border transfer, making tracking very difficult.

During the operation, police confiscated a large number of tools used for the crimes, including computers, mobile phones, SIM cards, and illegal communication gateway devices. Currently, 22 individuals are in judicial detention. The case involves multiple countries, and the investigation is still ongoing and in-depth. This case serves as a warning to all crypto investors—don't be fooled by pie-in-the-sky promises.