🚨 Waqar Zaka & the Crypto Scam Storm — What’s Really Going On?

Waqar Zaka — a well‑known Pakistani TV host, social media influencer, and a familiar face in the country’s crypto space — is caught in a storm over an alleged cryptocurrency scam. Here’s the story so far:

🔍 What’s Happening

In December 2022, a Karachi court issued an arrest warrant for Zaka after he repeatedly skipped hearings in a case involving Rs 86 million tied to cryptocurrency.

- By February 2023, he was officially declared a fugitive, having neither surrendered nor applied for bail.

- The Federal Investigation Agency (FIA) accuses him of promoting high‑risk crypto schemes on social media that allegedly lured people into dangerous investments.

⚖️ The Charges

According to the FIA:

- His bank accounts were used for suspicious foreign money transfers and fundraising.

- He’s under investigation for cybercrime, money laundering, foreign exchange violations, and other offenses.

- They allege he received Rs 6.8 million through international crowdfunding, later withdrawing it via pay orders and bank transfers.

🗣 Zaka’s Side of the Story

- He denies every accusation, insisting he’s being targeted for championing crypto and digital innovation in Pakistan.

- He says all his income — including Facebook earnings — is legitimate.

- He claims to have received death threats and feels harassed by investigators.

⏳ The case remains under investigation, and with Zaka’s big name in Pakistan’s crypto community, every development is being watched closely.

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