💥 Crypto Crash Scandal? $100M Loss Linked to Politician's Son? 🇵🇰
There’s been a lot of buzz around a $100 million crypto loss allegedly linked to a Pakistani political figure’s son — but here’s what really happened 👇
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🧾 The Facts You Should Know:
🔹 Who: Ali Dar, son of Foreign Minister Ishaq Dar
Allegedly launched a crypto project called Qoinnt, which attracted investors (mainly from Dubai).
After it collapsed, a second project called Planet was launched — it also failed.
Total estimated investor loss: ~$100 million
This was not a personal loss, and no official Pakistani funds were involved.
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🔍 Key Details:
✅ The losses were mainly foreign investor funds
✅ Projects failed 2–3 years ago, not recently
✅ UAE investors are reportedly taking legal action
✅ Ishaq Dar (the politician) has no direct connection to the crypto ventures
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🚨 Unrelated Incident in Pakistan:
A separate case involved crypto trader Muhammad Arsalan Malik who was:
Kidnapped in Karachi, Dec 2024
Forced to transfer ~$340,000 in USDT
Several suspects (including police officers) were arrested
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🧠 Bottom Line:
No politician’s son lost $100M in crypto personally.
The loss came from failed private projects by Ali Dar, with investor funds — not public money. Be aware of rumors and always verify with real sources.
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🔁 Stay safe in crypto. DYOR always!
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