A Bitcoin scam artist in the United Arab Emirates who fleeced a victim of $ 545,000 was arrested, and the stolen money was actually recovered.
It seems that some new Bitcoin scam comes along every week. One recent example is of a person claiming to be a crypto celebrity who will send you double the cryptocurrency you’ll send to their wallet. Another is a straight theft of fiat that’s to be used to purchase cryptocurrency. It’s this latter case that we saw happen once again, this time in the United Arab Emirates as a man stole $ 545,000 meant to be used to buy bitcoins.