Journalist and Samaa News President Nadeem Malik has claimed that a prominent figure from a major political family has lost an estimated $100 million in cryptocurrency.
The revelation came during his latest show, where former Finance Minister Miftah Ismail responded: "I’ve heard this too," adding weight to the story.
While crypto remains banned for regulated banking use in Pakistan, citizens still hold between $20–25 billion in digital assets, making it the 8th largest crypto-holding nation in the world, according to ADB.
This staggering loss could be a wake-up call for lawmakers. Pakistan still lacks clear digital asset regulations, even as the Pakistan Crypto Council and newly-formed PVARA push for formal recognition.
