Is Binance scam worth $100 million in Pakistan?

Pakistan’s Federal Investigation Agency (FIA) said it wants to talk to Binance as part of an investigation into a suspected scam it said has cost several thousand investors more than $100 million.

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Did Binance app defraud Pakistani people of billions of rupees?

On Dec. 20, 2021, “people from all over Pakistan” contacted the agency that the apps had “stopped working over a period of time,” defrauding “Pakistani people of billions of rupees,” according to a statement posted by Riaz. “We are working with the Federal Investigation Agency to resolve these issues,” Binance said in tweet.