Dubai Police Arrest Bitcoin Conman Scamming Users For Over US$100k
Rather than paying for the cryptocurrency through legal means, he asked for customer passwords to check the bitcoin balances in question. Bitcoin scams can be found all over the world these days. The allure of cryptocurrency opens the door for criminals looking to take other people’s money. One such scam was recently unveiled in Dubai, as three Gulf residents lost over US$100,000 in Bitcoin. The Asian conman behind this scam has been arrested after a sting operation. Buying and selling Bitcoin in Dubai is often done in a peer-to-peer manner. It is very common for interested traders to buy....
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A man accused of stealing bitcoin from three individual victims has been arrested by police in Dubai, in a case that is the first of its kind to be investigated and solved in the region. The accused, who is not a Gulf national, defrauded three Gulf citizens by purporting to be bitcoin buyer interested in purchasing the cryptocurrency at a price higher than the market value of the cryptocurrency, Dubai police revealed. As reported by local news outlet 7Days, the alleged conman set up an Instagram page to put up an affluent front while being unemployed in actuality. Striking up a....
Hong Kong police have arrested a man accused of stealing $191,085 from a cryptocurrency trader in what turned out to be a bogus transaction. No funds were recovered at the time of the suspect’s arrest and investigations are ongoing to determine if the man had accomplices.
No Funds Recovered
Hong Kong police recently arrested a 24-year-old conman accused of vanishing with a crypto trader’s $191,085 (HK$1.5 million). The con artist now faces a possible ten-year jail term if convicted, a report has said.
According to a South China Morning Post report that....
Police in Dubai have reportedly arrested a man accused stealing bitcoins from several individuals. Local sources report that three Dubai citizens were defrauded after connecting online with someone claiming to be a bitcoin buyer who wanted to purchase the digital currency at a premium. According to Dubai police officials, those affected apparently let the suspect access their bitcoin wallets during the sale. Once inside, those accounts were emptied, with just over $100,000 in bitcoin being taken. Dubai officials are said to have expressed concern about the nature of the crime. Salim bin....
Months after rolling out its first collection of non-fungible tokens (NFTs), the Dubai Police has said it will launch the next collection at the 2022 edition of The Gulf Information Technology Expo (GITEX). People from outside the country will also get a chance to own the next Dubai Police NFT collection. First Government Entity in UAE to Mint NFTs Dubai Police is set to roll out its next collection of non-fungible tokens (NFT) just months after the initial collection saw nearly 23 million people show an interest in acquiring them, a report has said. According to the report, the law....
A man who admitted collecting more than $800,000 from seniors he tricked into sending virtual money orders to help distressed relatives has been sentenced to four and a half years in prison, according to the Florida Sun Sentinel. The man converted the virtual money orders from some of his victims into bitcoin. Stephan Moskwyn, 33, pled guilty to money laundering in federal court in Miami, Fla. Police arrested the 33-year-old Canadian citizen in October to await sentencing. Police said Moskwyn laundered money obtained by a Canadian call center that preyed on elderly U.S. residents since....