A Pakistan Counter-Terrorism Department (CTD) officer has been arrested and remanded in custody for allegedly kidnapping a crypto trader and stealing $340,000 worth of USDT. The victim, Mohammad Arsalan Malik, was lured into a meeting by individuals claiming to want to purchase dollars. However, the situation took a dark turn when Malik was abducted by plainclothes officers and forced to transfer the funds from his Binance account ¹.
The investigation has recovered $220,000 in stolen funds, including crypto, cash, a luxury car, and prize bonds. Nine suspects have been named, with two CTD officials, including Head Constable Ali Raza, among the arrested. Raza, the alleged ringleader, has been granted a seven-day remand ².
This incident highlights the growing concerns about law enforcement involvement in cryptocurrency-related crimes. The Inspector General of Police has emphasized that no one is above the law, stating, “We do not spare anyone,” and promising action against any officers involved in criminal activities ³.
The crypto community remains on high alert, especially given the recent trend of high-profile crypto-related kidnappings, including the CEO of Ledger, who was kidnapped and had a gruesome ransom demand made ¹.
#CryptoCrime #CryptoTheft #PakistanPolice #USDT #CryptoSecurity
