January 11, 2022 (MLN): Binance, a well-known crypto currency exchange contacted Federal Investigation Agency (FIA) Cyber Crime Sindh and assured its full support regarding mega financial scam investigation involving eleven fraudulent applications using Binance blockchain addresses, Imran Riaz, Head of FIA Cyber Crime Sindh zone said today.
In a series of tweets, he stated that “Binance has nominated a two member team to coordinate with FIA Cyber Crime. They are former investigators with the U.S. Department of Treasury and specialize in crypto currency investigations.”
He also appreciated the response of Binance keeping in view the gravity of the issue and looking forward to continued cooperation in unearthing criminal activities based on crypto currency.
To note, FIA has issued a notice to an official from Binance while investigating a multi-million dollar scam.
The FIA said in a press release that the Cyber Crime Wing summoned Hamza Khan, the general manager at Binance Pakistan to appear before FIA and explain his position on the company's association to the fraudulent investment applications.
As per media reports, around 55,000 people lost Rs18 billion in the scam.
