Mohammed Arsalan, a Pakistani cryptocurrency trader, was kidnapped and extorted of $340,000 in digital assets. Seven suspects, including a Counter-Terrorism Department officer, have been arrested in connection to the case. One suspected policeman is still at large.
Arsalan was kidnapped in Manghopir on Dec. 25 after being contacted by a man named Hamid to purchase US dollars. Despite his refusals, Hamid convinced a friend to arrange a meeting. Arsalan was taken to a local restaurant where more suspects joined, then forcibly abducted in a police vehicle, gagged.
Forced to unlock his Binance account and make a transfer, Arsalan was released near the Quaid-e-Azam mausoleum after the transaction. The funds were moved across multiple wallets to hide their origin, but the investigation led to the arrests of the suspects, known habitual offenders.
Despite the involvement of law enforcement officers, Inspector General of Police Ghulam Nabi Memon assured that those responsible would not be spared or given leniency, as their actions did not represent the agency as a whole.
BTC should regulate some international law.