Hacking News
Six Arrested in Dubai Over Dh2.6M Crypto Scam
Dubai Police have arrested six individuals in connection with a Dh2.6 million crypto scam involving an unlicensed exchange. The scam involved Dh2 million in cash and Dh600,000 in crypto. Police used blockchain to track the stolen funds and identified several wallets linked to the stolen crypto and the individuals involved in the scheme. The suspects had moved the funds through multiple decentralized wallets to hide their movements, but the investigation team managed to trace and secure the funds before they could be transferred again by the hackers. Dubai Police also warned people against purchasing cryptocurrencies from unlicensed exchanges or unknown brokers.