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🚨 Waqar Zaka in Hot Water Over Rs 86M Crypto Scam Case

Pakistani TV host and social media influencer Waqar Zaka is once again under the spotlight—this time for his alleged role in a massive Rs 86 million cryptocurrency scam.

⚖️ The Case So Far

• In December 2022, a Karachi court issued a non-bailable arrest warrant against Zaka after he repeatedly skipped trial proceedings.

• By February 2023, he was officially declared an absconder.

• The Federal Investigation Agency (FIA) accuses him of:

• Promoting dubious crypto schemes online 💻

• Misusing bank accounts for suspicious transactions 💸

• Receiving Rs 6.8 million via international crowdfunding 🌍

The probe falls under multiple laws, including the Anti-Money Laundering Act and the Pakistan Electronic Crimes Act (PECA).

🗣️ Waqar Zaka’s Response

Zaka has denied all allegations, insisting his earnings are legitimate. He claims revenue comes from platforms like Facebook and argues that he is being harassed, threatened, and victimized for advocating crypto innovation in Pakistan.

🔮 What’s Next?

With investigations still underway, Zaka’s case remains a major test for Pakistan’s crypto regulations—and for the future of digital finance in the country.