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Crypto exchange Binance has assured the cybercrime department of the Pakistan Federal Investigation Agency (FIA) of its “full support” in the multimillion dollar scam case. This was announced on January 11 by a high-ranking official of the department.
According to FIA spokesman Imran Riaz, his department and the management of Binance held a telephone conversation, during which the parties agreed to work together on the investigation. Specifically, Binance has appointed two people to coordinate with the FIA Cyber Crime and the Pakistani Ministry of Finance.
Riaz praised the cryptocurrency exchange’s commitment to facilitate the investigation. The official said that he looks forward to continuing to work with Binance to uncover cryptocurrency-based criminal activities.
The agency launched an investigation into a major financial scam after several people reported stealing a large amount of money from them on December 20, 2021. As part of the case, the investigation went to the Binance exchange and sent a notification to its official representative, asking to disclose the company’s connection with “fraudulent mobile applications for online investments” – MCX, HFC, HTFOX, FXCOPY, OKIMINI, BB001, AVG86C, BX66, UG, TASKTOK and 91fp.
The scammers urged investors to register on the Binance Crypto Exchange, promising them favorable terms of work. However, the money transferred through the applications went to the accounts of the scammers. Once the criminals had accumulated a sufficient amount, they disappeared.
Earlier, the editorial staff of Crypto.ru reported that the US Audit Office (GAO) announced the need to tighten the regulation of crypto ATMs. The agency believes that criminals are using these devices to finance illegal activities.
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