Dubai Police Arrest Alleged Bitcoin Scammer Who Siphoned $100000 off Victims

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A male indicted of hidden bitcoin from 3 particular victims has been arrested by military in Dubai, in a box that is a initial of a kind to be investigated and solved in a region.

The accused, who is not a Gulf national, defrauded 3 Gulf adults by purporting to be bitcoin customer meddlesome in purchasing a cryptocurrency during a cost aloft than a marketplace value of a cryptocurrency, Dubai military revealed.

As reported by internal news opening 7Days, a purported conman set adult an Instagram page to put adult an abundant front while being impoverished in actuality. Striking adult a review on a internet, a indicted afterwards offering to buy bitcoins during a reward from 3 bitcoin sellers who were adults of an unnamed Gulf nation.

The bitcoin-for-cash transaction was scheduled to start during a assembly during a Dubai hotel. However, a customer called forward and assured a 3 bitcoin sellers to yield entrance to their bitcoin wallets. Upon gaining a credentials, a indicted emptied a wallet in a entirety. Altogether, bitcoins value 375,000 Dirhams (approx. $102,000) were stolen.

Colonel Salim bin Salmin, Deputy Director of a Cyber-Crimes Department during Dubai Police told a announcement that a box was the

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