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Pakistan is facing a sharp rise in P2P trading scams, especially on crypto platforms, social media, and WhatsApp. Scammers use fake payment proofs, chargebacks, and phishing tricks to trap users. Many sellers release crypto after seeing a screenshot, only to discover no funds ever arrived. In some cases, banks even block accounts due to disputes, leaving victims stuck in long investigations.

The SECP has also issued warnings against illegal investment platforms like SmartPays and fraudulent loan apps such as Barwaqt, which continue to trap people with false promises of easy profits. Similarly, cybercrime rings have been caught running fake call centers in Faisalabad, luring victims with small “tasks” and later pushing them into heavy investments.

Crypto freelancers are also being targeted. A recent case saw a Pakistani lose over Rs 4.12 million through a fake Upwork HR scam on WhatsApp, where small jobs escalated into fake $BTC invests

✅ Safety Tips

Always confirm bank payments before releasing assets.
Use official escrow systems like $BNB P2P
.
Avoid unsolicited “investment groups” on WhatsApp/Telegram.
Verify platforms on SECP & PSX sites.
Report scams immediately to FIA or NCCIA.

⚠️ Final Word: Stay alert! Fraudsters evolve daily. Protect your assets, never trust screenshots, and keep all trades within secure platforms.

#P2PScamAlert #CryptoScam #PakistanCrypto #FraudAwareness #Stay #P2PScamAlert

•Bitcoin has lost 15% from its peak that followed the launch of Bitcoin exchange-traded funds last week, with outflows of $1.5 billion from the Grayscale Bitcoin Trust, a figure mentioned by a report from JPMorgan (NYSE:JPM) in a report published yesterday, Thursday. .•Nicholas Panigirzoglou, lead analyst at JPMorgan, said: “GBTC investors who have been buying a GBTC fund over the past year at a significant discount to NAV to put into Bitcoin funds in their final form, appear to have captured the full profit after converting to the ETF via... Exiting the Bitcoin space entirely.” •Before it was listed in an exchange traded fund (ETF) from a trust, GBTC was one of the only ways for US stock traders to get exposure to Bitcoin price movements without having to buy the actual cryptocurrency. This made it the largest regulated Bitcoin fund in the world by AUM.•The bank had previously estimated that up to $3 billion was invested in GBTC in the secondary market during 2023 to exploit the fund's discount on net asset value. If this estimate is correct, and given $1.5 billion has already exited, there could be an additional $1.5 billion to exit the space via profit taking on GBTC, which will put further pressure on Bitcoin prices in the coming weeks. •These outflows are also pressuring GBTC to lower its fees, the report said, adding that “GBTC's 1.5% fee is still very high compared to other spot Bitcoin ETFs that risk more outflows.” •“More capital, perhaps an additional $5 billion to $10 billion, could exit GBTC if its liquidity advantage is lost,” JPMorgan warned. As of Friday, GBTC is the most expensive ETF among its peers, with some charging zero fees for the first six months or until a certain assets under management (AUM) target is reached. •JPMorgan says other spot bitcoin ETFs, excluding GBTC, attracted $3 billion in inflows in just four days, and this is similar to inflows seen during previous bitcoin product launches. •Most of these $3 billion inflows reflect rotation from existing Bitcoin instruments such as futures-based ETFs, the report added. $BTC #stay tuned More crypto news 💯✅🔥

•In a strategic move amid regulatory challenges, Brad Garlinghouse announced... Ripple CEO announced the suspension of plans for an initial public offering (IPO) in the United States. Citing a “hostile” regulatory environment. Garlinghouse revealed that Ripple has explored alternative markets for its IPO. Pointing to jurisdictions with clearer regulatory frameworks. •At the same time, this decision raises questions about the future path of Ripple and its possible listing. Due to the ongoing legal battle with the US Securities and Exchange Commission (SEC). •Ripple CEO, Brad Garlinghouse, reveals a plan to go public despite previous indications that Ripple intends to go public in the United States after resolving the lawsuit filed by the Securities and Exchange Commission. Brad Garlinghouse revealed to CNBC at the World Economic Forum in Davos that the company had explored international markets due to perceived hostility from the US regulator. In other words, Garlinghouse expressed reluctance to pursue an IPO in the United States. He highlighted actions taken by the SEC against companies like Coinbase (NASDAQ:COIN). Which faced legal challenges despite the S-1 approval. •Meanwhile, Brad Garlinghouse, CEO of Ripple, expressed. He expressed concerns about the difficult US regulatory landscape, expressing reluctance to float approved S-1 shares amid a hostile regulatory body. Notably, his statements highlighted the enormous obstacles faced by cryptocurrency companies in the United States. •Additionally, Brad Garlinghouse's criticism extends to the Securities and Exchange Commission. With particular disapproval of its president, Gary Gensler, who described it as a “political liability.” This sentiment underscores the tense relationship between cryptocurrency entities and US regulatory authorities. Navigating the regulatory terrain has proven to be a daunting task. It is likely to impact the growth and development of the cryptocurrency industry. •IPO and share buyback vision Although immediate plans for a US IPO have been paused, Garlinghouse emphasized keeping the option open. Notably, he hinted at the possibility of reconsidering once new regulators take office at the Securities and Exchange Commission. •Additionally, the CEO noted that going public is not an immediate priority for Ripple. This suggests a cautious approach given the regulatory uncertainty. Meanwhile, Ripple's recent share buybacks are in line with its commitment to shareholder liquidity and providing value to long-term investors who have been part of Ripple's journey since 2012, the report added. •To quote the words of Brad Garlinghouse: “You know, shareholder liquidity is important to me. We have investors who first invested in Ripple in 2012. They've been in this deal for eleven and a half years. Therefore, we want to provide that liquidity. “It’s one of the reasons we are doing these tender offers.” •At the same time, as the cryptocurrency industry faces evolving regulatory dynamics. The strategic decisions taken by Ripple, including stopping the IPO and buying back shares. It underscores the challenges and uncertainties companies face in navigating the regulatory landscape. The cryptocurrency community will be closely monitoring Ripple's next moves while evaluating its options in a rapidly changing regulatory environment. $XRP #stay tuned More digital currency news 🔥💯