KHALEEJ TIMES · 2026-10-30 10:08 UTC

Dubai Police arrest six in Dh2.6 million cryptocurrency fraud case

Dubai Police arrested six suspects in a Dh2.6 million cryptocurrency fraud case involving Dh2 million in cash and Dh600,000 in cryptocurrencies. Victim was deceived into transferring virtual assets to decentralized wallets through an unlicensed exchange; suspects then seized the cash and fled. Police used blockchain analysis to track stolen assets across multiple digital wallets and recovered the funds before they could be moved.

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