$37,000 Crypto Scam: Nawaz & Shehbaz Sharif Secure Pre-Arrest Bail
Intelligence report synthesized for precision. Verified source updates below.
Detailed Report
A local court in Islamabad has granted pre-arrest bail to two brothers involved in a major online crypto scam. The suspects, Muhammad Nawaz Sharif and Muhammad Shehbaz Sharif, face allegations of defrauding an Islamabad resident out of USD 37,000.
The National Cyber Crime Investigation Agency (NCCIA) recently registered a First Information Report (FIR) against them. Consequently, the brothers approached the District and Sessions Court to avoid immediate arrest.
Yesterday, on April 28, Additional District and Sessions Judge Muhammad Afzal Majoka approved their bail plea. The court directed both suspects to submit surety bonds of Rs. 20,000 each. Furthermore, the judge extended their pre-arrest bail until May 5, 2026.
Next, the suspects promised massive returns on digital investments. They convinced Mohsin to transfer funds into specific BNB and Binance digital wallets. However, they never delivered the promised profits. Furthermore, they failed to return the initial USD 37,000 capital.
Meanwhile, the defense strongly denies all allegations. Advocate Abdur Rehman Babar represented the brothers during the hearing. He argued that the FIR is entirely fabricated, baseless, and built on misidentification.
The court will resume the hearing on May 5. In the meantime, the judge has ordered the NCCIA to present the complete case record at the next proceeding.
CybersecurityThis Popular AI Tool Was Hacked in Just 36 Hours (Here’s What Attackers Stole)By Abdul Wasay|2 hours ago |2 min readA critical SQL injection vulnerability in LiteLLM is being exploited within hours of disclosure. The flaw allows attackers to access sensitive data, including API keys.
CybersecurityResearchers Uncover Pre-Stuxnet Fast16 Malware Targeting Engineering Software From 2005By Abdul Wasay|2 days ago |5 min readResearchers have uncovered Fast16, a sophisticated malware dating back to 2005 that predates Stuxnet. The cyberweapon targeted engineering software, silently altering calculations to cause real-world.
