Share:Federal Investigation Agency (FIA) has arrested two people allegedly involved in an Rs200 million scam in the name of the online business. A case has been registered with the FIA against the suspects for making suspicious transactions of Rs200 million. Two days back, the Federal Investigation Agency (FIA) detected an online fraud of USD100 million using a cryptocurrency and issued notice to the local representative of Binance. Sharing details of the fraud, Additional Director of the FIA cybercrime wing Imran Riaz said that those involved in the online fraud transferred the money abroad via cryptocurrency. The FIA official further shared that cryptocurrency is being used in money laundering and terror financing.

Source: The Nation January 10, 2022 00:20 UTC