{"content":"$BNB {spot}(BNBUSDT) | Waqar Zaka Involved in Crypto Scam Case? Here's the Latest Waqar Zaka, a well-known Pakistani TV host and social media influencer, has recently been in the spotlight over a cryptocurrency scam investigation. Here's a summary of the key developments: 🔍 Recent Developments In December 2022, a Karachi court issued a non-bailable arrest warrant for Waqar Zaka due to his continued absence from trial proceedings in a crypto-related case involving Rs 86 million. By February 2023, Zaka was officially declared an absconder for failing to surrender or seek bail from any legal authority. The Federal Investigation Agency (FIA) accused him of promoting questionable cryptocurrency schemes via social media and luring the public into risky online investment programs. ⚖️ Charges Against Zaka The FIA alleges Zaka misused his salaried bank accounts for foreign remittances, suspicious transactions, and fundraising. He’s being investigated under multiple laws, including the: Pakistan Electronic Crimes Act, 2016 Pakistan Penal Code Anti-Money Laundering Act, 2020 Foreign Exchange Regulation Act, 1947 According to FIA, Zaka received Rs 6.8 million through international crowdfunding, which was later withdrawn via pay orders and interbank transfers. 🗣️ Waqar Zaka’s Response Zaka denies all charges, claiming he's being targeted for promoting crypto and digital innovation in Pakistan. He maintains that all his income sources are legitimate, including revenue from Facebook. He has also raised concerns about his personal safety, alleging death threats and harassment by investigators. The case remains under investigation, with public interest continuing to grow due to Zaka's high profile in the crypto space.","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025082025/08/21/80e520a7691240f3b34d54700790ad75.jpg"],"tags":[],"tradingPairs":["BNB/USDT"],"quotearticleid":0}