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🚨 Pakistan CTD Official Under Investigation for $340K USDT Theft from Crypto Trader 🚨
A shocking case of crypto-related extortion has surfaced in Pakistan, where a Counter-Terrorism Department (CTD) official is facing allegations of stealing $340,000 worth of Tether (USDT) from a kidnapped trader, Mohammad Arsalan Malik.$XRP $BTC $BNB
Reports reveal that the victim was tricked into a meeting with supposed crypto buyers, only to be abducted by plainclothes officers in an unmarked police vehicle. Under duress, he was forced to transfer his USDT holdings from his Binance account before his phone was wiped clean, and he was later abandoned near a mausoleum.
Ongoing Investigation & Recovery Efforts
Authorities have managed to recover $220,000 in crypto and cash, along with a luxury vehicle and prize bonds linked to the crime. Eight suspects, including two CTD officers, have been arrested, while the Inspector General of Police has vowed strict action against any law enforcement personnel involved, emphasizing, "No one will be spared."
This disturbing incident highlights the growing risks in the cryptocurrency space, particularly concerning law enforcement misconduct. As crypto adoption increases, so do security threats—both from external bad actors and internal corruption. Traders and investors must remain cautious, verifying all transactions and meetings to avoid potential scams and extortion attempts.
Stay alert, crypto community! Security and vigilance are key in the evolving digital asset landscape. 🔒🚀
#CryptoSecurity #USDTTheft #PakistanCrypto #USDTTheft #XRP
A shocking case of crypto-related extortion has surfaced in Pakistan, where a Counter-Terrorism Department (CTD) official is facing allegations of stealing $340,000 worth of Tether (USDT) from a kidnapped trader, Mohammad Arsalan Malik.$XRP $BTC $BNB
Reports reveal that the victim was tricked into a meeting with supposed crypto buyers, only to be abducted by plainclothes officers in an unmarked police vehicle. Under duress, he was forced to transfer his USDT holdings from his Binance account before his phone was wiped clean, and he was later abandoned near a mausoleum.
Ongoing Investigation & Recovery Efforts
Authorities have managed to recover $220,000 in crypto and cash, along with a luxury vehicle and prize bonds linked to the crime. Eight suspects, including two CTD officers, have been arrested, while the Inspector General of Police has vowed strict action against any law enforcement personnel involved, emphasizing, "No one will be spared."
This disturbing incident highlights the growing risks in the cryptocurrency space, particularly concerning law enforcement misconduct. As crypto adoption increases, so do security threats—both from external bad actors and internal corruption. Traders and investors must remain cautious, verifying all transactions and meetings to avoid potential scams and extortion attempts.
Stay alert, crypto community! Security and vigilance are key in the evolving digital asset landscape. 🔒🚀
#CryptoSecurity #USDTTheft #PakistanCrypto #USDTTheft #XRP
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