Alleged Bitcoin Scammer Busted By Dubai Police
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....
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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....
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