Pakistan's FIA sent an inquiry to Binance as part of a criminal investigation into a scam that allegedly defrauded about $100 million.
The Federal Investigation Agency of Pakistan has sent an inquiry to Binance as part of a criminal investigation into a scam that allegedly used Binance wallets and integrated applications to defraud about $100 million from Pakistani users.a letter sent to Binance's Cayman Islands office and Humza Khan, the general manager at Binance Pakistan, dated Jan. 6, 2022.
The investigation so far found fraudulent accounts on 11 applications: MCX, HFC, HTFOX, FXCOPY, OKIMINI, BB001, AVG86C, BX66, 91FP, UG, TASKTOK. The investigation found 26 Binance wallets linked to the applications. The FIA estimates that the average investment per person on these apps was $2,000, and each app had about 5,000 customers, meaning scammers made off with an estimated $100 million.
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