Mohammed Arsalan, a Pakistani cryptocurrency trader, was kidnapped and coerced into transferring $340,000 in crypto from his Binance account. The kidnapping involved local law enforcement officers, complicating subsequent investigations. Reports indicate that the trader was abducted by five men in civilian clothes who pretended to be interested in buying U.S. dollars. Since the incident on December 25, authorities have arrested seven individuals, including a suspected policeman, but one officer linked to the case remains at large. Experts have noted a troubling trend of cryptocurrency-related kidnappings, with previous cases reported in other countries. Recommendations for crypto traders include reducing public exposure and employing security measures such as multi-signature wallets. Arsalan expressed his dismay over the situation, stating he feels ashamed to be a citizen of Pakistan. The growing involvement of corrupt law enforcement in such crimes raises concerns about the integrity of investigations and the recovery of stolen funds.

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