BREAKING NEWS (Crypto Used for Ransom Payments in Pakistan—Sep-11-2025):
A startling case of crypto used for ransom payments has come to light, involving the abduction of a cryptocurrency trader in Karachi. The trader, identified as Muhammad Arsalan, was kidnapped from the Manghopir area near his office and forced at gunpoint into transferring $340,000 worth of digital coins—using his Binance account timeline—to his abductors’ wallets before being released near the Quaid-e-Azam mausoleum Dawn.
Authorities, including the Anti-Violence Crime Cell (AVCC), have taken quick action, arresting several suspects—including officers from the Counter-Terrorism Department (CTD)—to investigate this act of crypto used for ransom payments. The Federal Investigation Agency (FIA) has been asked to assist in tracing and recovering the stolen digital assets Dawn, Geo News
Summary:
- Karachi trader abducted and forced into transferring $340,000 in digital coins.
- Case highlights how crypto used for ransom payments is rising in Pakistan.
- Transaction carried out through the victim’s Binance account.
- AVCC arrested several suspects, including Counter-Terrorism Department officers.
- FIA asked to trace and recover stolen cryptocurrency.
- Authorities fear this could embolden future digital ransom crimes.
See how hackers targeted Pakistan with blue locker ransomware a month ago:
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