A Pakistan Counter-Terrorism Department (CTD) official has been remanded for allegedly stealing $340,000 worth of Tether (USDT) from a kidnapped crypto trader, Mohammad Arsalan Malik.

The trader was lured into a meeting under the pretense of selling crypto but was abducted by plainclothes officers in an unmarked police van. He was then forced to transfer the USDT from his Binance account before his phone was wiped and he was abandoned near a mausoleum.

Authorities have since recovered $220,000 in crypto, cash, a luxury car, and prize bonds. Eight suspects, including two CTD officials, have been arrested. The inspector general of police has vowed strict action against those involved, stating, "We do not spare anyone."

This case highlights growing concerns over law enforcement’s involvement in cryptocurrency-related crimes. Stay alert, crypto community!

#PakistanCrypto #CryptoSecurityResponse #AltcoinRevolution #MarketRebound #BTC #ETH #XRP

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