The National Cyber Crime Investigation Agency (NCCIA) of Pakistan launched a large-scale joint raid in Karachi on December 27, successfully dismantling an online investment scam network claiming to be an "international fraud group," involving approximately $60 million. During the operation, police arrested 34 individuals in one go in the Defense Housing Authority Phases 1 and 6, including 15 foreigners and 19 Pakistani citizens.

Sindh Interior Minister Ranjal revealed how cunning the scam gang's tactics are—they first conduct long-term "account nurturing" scams on social media and instant messaging apps targeting victims both domestically and internationally. In simple terms, they first build familiarity with you, then lure you into participating in fake cryptocurrency and forex trading projects. The police seized 37 computers, 40 mobile phones, over 10,000 international SIM cards, and 6 illegal communication gateway devices at the scene.

This group's modus operandi is even more tightly linked. They first establish fake trading platforms, displaying fabricated profit data to gain trust. After victims invest around $5,000, they suddenly change their approach, continuing to demand additional payments under the pretexts of taxes, withdrawal fees, and other charges. Ultimately, they shut down accounts and disappear without a trace. The victims' money first enters overseas bank accounts, then is converted into cryptocurrency for cross-border transfer, making it impossible to recover.

NCCIA stated that this case involves multiple countries, and related investigations are still ongoing. Currently, 22 suspects have been placed under judicial detention.