Arsalan, an active crypto trader from Karachi, fell victim to an abduction outside his office by individuals posing as police officers. These imposters transported him in a police van, blindfolded, to a remote area, intimidating him with weapons before robbing his savings.

The criminals accessed Arsalan’s bank and crypto accounts, transferring 340,000 USD, equivalent to 90 million Pakistani Rupee. His phone and a small cash amount were also stolen. The incident highlights growing concerns over crypto-related crimes in the region.

The police have categorized the crime under Kidnapping for Ransom and Common Intention laws. Surveillance footage captured a police vehicle at the crime scene. With the investigation transferred to Karachi Police’s Anti-Violent Crime Cell, authorities aim to apprehend the culprits.