According to Finance Feeds, Pakistani authorities dismantled a transnational fake cryptocurrency investment scam network in Karachi involving approximately $60 million. The raid confiscated 37 computers, 40 mobile phones, over 10,000 international SIM cards, and 6 illegal payment gateway devices. The scam gang conducted long-term social engineering through social media and instant messaging tools, disguising themselves as traders or "insiders" to lure victims into fake cryptocurrency and forex trading platforms, gradually deceiving them into giving money with promises of high returns. When victims invested close to $5,000, the scammers demanded additional fees under the guise of taxes, withdrawal fees, or account verification charges. After payment, account access was frozen, and communication was completely cut off.