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Pakistanis Lose Millions to Crypto Scam, Pakistan Issues Notice to Binance

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Investors from Pakistan have become victims of a massive fraud using cryptocurrency. The country’s main law enforcement agency has issued a notice to crypto exchange Binance in relation to the scam which resulted in the loss of $100 million dollars for Pakistanis, media reports revealed. Pakistan’s Federal Investigation Agency (FIA) has uncovered a crypto investment scam that has allegedly cost Pakistani citizens some 17.7 billion rupees (around $100 million). Providing details on the case, Imran Riaz, director of the FIA cybercrime wing, said on Friday that the organizers used cryptocurrency. Quoted by local media, Riaz announced: We launched a probe after receiving complaints regarding a fraud involving billions of rupees being committed using nine online applications. The fraudsters employed mobile apps offering Pakistanis crypto investment opportunities and people sent between $100 and $80,000, or an average of $2,000 per person. Investors were urged to register at Binance, the wor

Binance sponsors AFCON to further develop crypto adoption in Africa

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Binance partners with the Confederation of African Football to sponsor the TotalEnergies African Cup of Nations tournaments. Monday marked the start of the TotalEnergies Africa Cup of Nations (AFCON) tournament — the largest men’s football championship series in Africa. At the same time, Binance announced its official partnership with the Confederation of African Football (CAF) as well as its official sponsorship for the AFCON 2021 tournament, becoming the first crypto and blockchain sponsor for the event. Through this sponsorship, Binance will also be promoting CAF’s social media content which will include the assist of the day, assist of the week and assist of the tournament. This content will cover games from five cities in Cameroon across all six venues. Veron Mosengo-Omba, the general secretary for CAF, was “delighted to welcome Binance as an official sponsor of the AFCON tournament this year.” Mosengo-Omba said that he is optimistic that this partnership will “push African footba