Dubai Police arrest six suspects in Dh2.6 million cryptocurrency scam
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“Dubai Police arrest six suspects in Dh2.6 million cryptocurrency scam”
Dubai Police have arrested six suspects accused of defrauding a victim of Dh2.6 million in a cryptocurrency scam involving an unlicensed exchange, after tracing and securing the stolen digital assets. The fraud involved Dh2 million in cash and Dh600,000 worth of cryptocurrencies. The suspects allegedly took the money and disappeared after persuading the victim to transfer his digital assets into decentralised wallets designed to conceal their owners' identities. Get updated faster and for FREE:…
Read at Gulf News“Dubai Police arrest six over Dh2.6 million cryptocurrency fraud”
Dubai Police have arrested a six-member gang accused of swindling someone out of Dh2.6 million ($707,964) in a cryptocurrency scam involving an unlicensed exchange. The suspects allegedly persuaded the victim to enter a cryptocurrency trading deal before seizing Dh2 million in cash and Dh600,000 in virtual assets. Officers from the Criminal Investigation Department identified and arrested the suspects, while another team traced and secured the stolen virtual assets. The victim, who was not…
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