#crptonews

That 'amazing' crypto deal could leave your bank account frozen don’t fall for the trap!

The recent surge in bank account freezes in Pakistan has left many people confused and struggling to find solutions. Most of these cases are tied to cryptocurrency transactions, where scammers take advantage of unsuspecting individuals through sophisticated fraud schemes.

How the Scam Works

Here’s how the typical crypto scam unfolds:

Too Good to Be True Offers: Scammers approach people with offers to buy cryptocurrency at unrealistically high rates.

Victim Participation: Believing it’s a great deal, the victim receives payment, buys cryptocurrency on peer-to-peer (P2P) platforms, and transfers it to the scammer.

The Fallout: Soon after, the victim’s bank account is frozen because the payment they received came from a stolen source. When the fraud is reported, all linked accounts in the transaction chain get blocked, leaving innocent traders in trouble.

A Growing Problem: Key Stats for 2024

Frozen Accounts: Over 11,000 a