Cryptocurrency exchange Binance has decided to take the path of compliance once more, as it faces yet another investigation in connection to a million-dollar scam in Pakistan affecting thousands of investors. The world’s leading crypto exchange in terms of trade volume has promised full assistance to the country’s Federal Investigation Agency (FIA) in its investigation after receiving a notice about the same.
The FIA cybercrime wing Additional Director Imran Riaz announced on Tuesday that the exchange had contacted the agency to assure them of its full co-operation after its name surfaced in an ongoing online fraud in the region involving “fraudulent online investment mobile applications.”
Break Through in fraudulent online applications linked with Binance case. Binance, contacted FIA Cyber Crime Sindh and assured its full support regarding mega financial scam investigation involving 11 fraudulent apps using Binance blockchain addresses.
— Imran Riaz (@ImmiRizz) January 11, 2022
Binance extends support
The FIA had issued an order of attendance to Humza Khan, the general manager/growth analyst at Binance Pakistan to explain the same. Riaz confirmed that a two-member team consisting of former US finance department employees has been appointed by Binance to coordinate with the agency, adding,
“I appreciate the response of Binance, keeping in view the gravity of the issue, and look forward to continued cooperation in unearthing criminal activities based on…
