Dubai Police Arrest Alleged Bitcoin Scammer Who Siphoned $100,000 off Victims
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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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....
The U.K. police have returned over $5.4 million to victims of an international cryptocurrency scam. The police say that almost $10 million more will be returned to victims. So far, 127 more people have filed a claim to recoup their investments.
Police Return Funds to Crypto Scam Victims
The U.K.’s Greater Manchester Police (GMP) announced Friday that about $5.4 million of the funds seized from an international cryptocurrency scam rumbled by its police officers in July last year have been returned to rightful owners. The announcement details:
Over four million pounds....
Some of those caught up in an alleged $3.6 billion crypto Ponzi scheme are refusing to aid police investigations as they still expect to triple their investments. Victims of an alleged $3.6 billion crypto Ponzi scheme in South Korea are reportedly hampering the progress of a police investigation and a joint lawsuit — as they still believe in the project and hold out hopes of getting a return on their investments. On June 4, Korean law firm Daegon reportedly filed a joint complaint against V Global, its CEO, and three executives on behalf of 130 investors and the Gyeonggi Nambu Police....
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....
MyCoin was one of the biggest scams to hit the shores of Hong Kong this year. The alleged bitcoin exchange based out of Hong Kong was in fact an elaborate Ponzi scheme that successfully managed to rip off over $387 million dollars in customer investments after they shut shop overnight earlier this year. Many South East Asian and Chinese investors were victims of this Ponzi scheme, which has got the police forces in multiple countries conducting their own investigations to ensure justice is served. Hong Kong was the first to counter some success in March after the cops there managed to....