A single crypto regulator to appear in the EU Hotels in Maldives and Thailand accept crypto payments PayPal added bitcoin support to its mobile app Corporations invested more than $6 billion in crypto industry in the last 10 months DeFi-platform Velodrome accuses crypto sleuth of stealing $350k S&P Global dropped Coinbase rating to a speculative level BitGo will seek $100 million for Galaxy Digital refusal to acquire crypto platform Brazilian crypto exchange blocked customer accounts and fired staff Celsius Network’s debts is more his assets for $2,8 billion

Bankrupt investors robbed their Bitcoin advisor

Bankrupt investors robbed their Bitcoin advisor

Six people in the UAE attacked a cryptocurrency expert whose tips caused them to lose $30 million.

According to the Khaleej Times, the victim admitted he had advised the group to invest in an unspecified cryptocurrency, and a few days later, their assets grew to $100 million. However, soon the coin rate fell to zero, and investors lost all their savings.

Later, the group contacted the expert again to somehow compensate for their losses. He advised them on a new digital currency, which had not yet been officially launched. The investors set up an online trading platform, but 15 minutes later, the website was hacked, and the asset dropped in price.

According to the case file, the attackers broke into the man and his wife's villa. They stole $200,000, two smartphones, three watches, and a diamond ring worth 390,000 dirhams (more than $106,000). While threatening to kill the man, the assailants also demanded to return the $30 million they had lost. 

UAE court convicted all six men of robbery and sentenced them to six months in prison.

Subscribe to our Telegram channel for the most relevant, interesting, and informative news from the crypto industry.

0
Is there an error in the article?
To report