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PAA denies $850,000 cryptocurrency theft at Karachi airport

Published on: October 23, 2025 7:14 PM

Karachi: The Pakistan Airports Authority (PAA) has rejected reports claiming cryptocurrency worth USD 850,000 was stolen at Jinnah International Airport. Authorities called the reports “baseless and unfounded” and urged the public not to spread misinformation.

The PAA said it immediately launched an inquiry in coordination with the Airport Security Force (ASF) and local police after the reports appeared on television and social media. Officials reviewed CCTV footage, airline records, and official documentation to verify the claims thoroughly.

Read more: Crypto Fugitive Busted After Littering in Seoul

The passenger, identified as Mr. Faizyab, alleged in a court petition that four uniformed personnel took him to a room, accessed his mobile phone, and stole his cryptocurrency. However, authorities found no evidence supporting these allegations and said the complainant did not report the incident at the time.

CCTV footage showed no suspicious activity, while airline records confirmed that the passenger did not board his scheduled flight to Peshawar. Police reports also verified that no theft took place at the airport, reinforcing the authority’s findings.

Read more: Bitcoin hits record high above $125,000

The PAA warned that unverified reports could cause unnecessary panic among passengers and the public. Officials urged media outlets and social media users to rely only on authentic and verified information to prevent misinformation.

 

Filed Under: Business Tagged With: Jinnah International Airport, Latest, Pakistan Airports Authority (PAA), reports claiming cryptocurrency, USD 850000

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