CryptoTheftAlert
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š„Police Officer Among Suspects in Karachi šµš°Crypto Trader's Kidnapping
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A cryptocurrency trader named Arsalan was abducted on December 25 in Karachi, Pakistan, by five men impersonating police officers. The kidnappers, using an unmarked police van, forced Arsalan to transfer $340,000 from his cryptocurrency account to their own accounts. They also stole Rs8,000 in cash from him before releasing him.
Following the incident, seven suspects were arrested, including a police officer. The suspects were identified as Haris Ashar, Muhammad Rizwan Shah, Tariq Hassan Shah, Muzammil Raza, Umar Jilani, Umar, and Noman Rifat.
Evidence, including a police vehicle and a route map tracing the suspects' movements, implicated police personnel in the crime. The Anti-Violent Crime Cell (AVCC) is investigating further to determine the extent of police involvement.
This alarming case has raised serious concerns about the security of cryptocurrency traders in Pakistan, underscoring the need for increased awareness and precautionary measures. It also highlights the importance of stricter law enforcement to combat such crimes effectively.
#cryptotheft
#CryptoTheftAlert
š„š„š„š„š„š„š„š„š„š„š„š„š„š„š„š„
A cryptocurrency trader named Arsalan was abducted on December 25 in Karachi, Pakistan, by five men impersonating police officers. The kidnappers, using an unmarked police van, forced Arsalan to transfer $340,000 from his cryptocurrency account to their own accounts. They also stole Rs8,000 in cash from him before releasing him.
Following the incident, seven suspects were arrested, including a police officer. The suspects were identified as Haris Ashar, Muhammad Rizwan Shah, Tariq Hassan Shah, Muzammil Raza, Umar Jilani, Umar, and Noman Rifat.
Evidence, including a police vehicle and a route map tracing the suspects' movements, implicated police personnel in the crime. The Anti-Violent Crime Cell (AVCC) is investigating further to determine the extent of police involvement.
This alarming case has raised serious concerns about the security of cryptocurrency traders in Pakistan, underscoring the need for increased awareness and precautionary measures. It also highlights the importance of stricter law enforcement to combat such crimes effectively.
#cryptotheft
#CryptoTheftAlert
**Cryptocurrency Theft on the Rise**: In 2024, over **$2.2 billion worth of cryptocurrency** was stolen from various platforms. This represents a **21% increase** in theft compared to the previous year. The number of hacking incidents also rose from 282 in 2023 to 303 in 2024.
A significant portion of these thefts, **$1.34 billion**, was attributed to hackers linked to North Korea. These cybercriminals are believed to use the stolen funds to finance their weapons programs, posing a threat to international security.
Some notable hacks included a **$305 million theft from Japan's DMM Bitcoin platform** in May and a **$235 million attack on India's WazirX** in July.
The report suggests that as the value of cryptocurrencies increases, so does the incentive for criminals to target these platforms. It also highlights the need for improved security measures and international cooperation to combat these threats.
$BTC $ETH $XRP #BinanceAlphaAlert
#CryptoTheftAlert
A significant portion of these thefts, **$1.34 billion**, was attributed to hackers linked to North Korea. These cybercriminals are believed to use the stolen funds to finance their weapons programs, posing a threat to international security.
Some notable hacks included a **$305 million theft from Japan's DMM Bitcoin platform** in May and a **$235 million attack on India's WazirX** in July.
The report suggests that as the value of cryptocurrencies increases, so does the incentive for criminals to target these platforms. It also highlights the need for improved security measures and international cooperation to combat these threats.
$BTC $ETH $XRP #BinanceAlphaAlert
#CryptoTheftAlert