Crypto Trader Abducted in Pakistan for $340K Ransom, Corrupted Police Involved

Recently, a Pakistani cryptocurrency trader, was kidnapped by a group involving law enforcement officers and held for ransom.

The abductors demanded $340,000 in cryptocurrency, which Arsalan was forced to transfer from his Binance account. The incident, which occurred on December 25, unfolded when the victim, Mohammed Arsalan, was lured into a meeting under the guise of a deal to exchange U.S. dollars.

Once in their control, the kidnappers, dressed in civilian clothing, bound and gagged him, then drove him away in a police vehicle to complete the ransom payment. So far, seven individuals have been arrested in connection to the crime, though one suspect, reportedly a policeman, remains on the loose.

The involvement of law enforcement officers in Arsalan’s kidnapping complicates the investigation, as criminals with access to sensitive information can obstruct efforts to trace and recover the stolen assets. Law enforcement agencies in Pakistan have assured the public that the officers involved in the crime will face severe consequences, but the case highlights a wider issue of corruption within the police force.

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As for Arsalan, the traumatic experience has left him deeply disillusioned. In a post on Facebook, he expressed his frustration with the country, announcing that he felt mentally broken and withdrew from further contact with others, showcasing the emotional toll of such an ordeal.

Alexander Zdravkov