Pakistani authorities have cracked open a sprawling cryptocurrency scam that drained millions from ordinary citizens.

The Federal Investigative Agency's Cyber Crime division arrested three suspects this week for running a multi-level marketing operation across the country. Ahmad Butt, Malik Irfan, and a woman known as Zammurd face accusations of promoting three separate Ponzi schemes: OneCoin, FirstCoin, and Eagle Bit Trade.

The gang operated by convincing people to invest in fake cryptocurrency ventures, pocketing massive sums in the process. Zammurd emerged as one of Pakistan's primary promoters of Eagle Bit Trade, helping to drive recruitment for the scheme.

Investigators say the operation targeted everyday Pakistanis, systematically looting their savings through promises of unrealistic returns. The arrests represent the first major blow against what authorities describe as a huge business racket, though the FIA's Cyber Crime division continues digging deeper into the network.

More arrests are expected as the investigation expands.

🤖 Quick Answer

What cryptocurrency scams were dismantled in Pakistan's major operation?
Pakistani authorities arrested three suspects operating OneCoin, FirstCoin, and Eagle Bit Trade schemes. These multi-level marketing operations defrauded citizens through fake cryptocurrency investments, with Zammurd serving as a primary promoter for Eagle Bit Trade and orchestrating recruitment networks across the country.

Who were the primary suspects arrested in this cryptocurrency fraud case?
Ahmad Butt, Malik Irfan, and Zammurd faced arrest by Pakistan's Federal Investigative Agency Cyber Crime division. The three orchestrated a sprawling Ponzi scheme network that systematically targeted ordinary Pakistanis, exploiting investment promises to accumulate substantial financial gains.

How did the cryptocurrency MLM schemes operate in Pakistan?
The operation convinced citizens to invest in fabricated cryptocurrency ventures through multi-level marketing recruitment tactics. Promoters promised unrealistic

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