Two Criminals Jailed for Stealing from Bitcoin Investors in Dubai (Report)

Two robbers allegedly conned an Asian investor and his friend with a fake bitcoin scheme and stole nearly $50,000, three phones and documents from them.

The Criminal Court sent the offenders to prison for three years and ordered their deportation when they got out of prison.

Crime in Dubai

According to a recent coverage, the attack happened in July in the Mankhool area of ​​Dubai. Back then, an undisclosed person and his friend decided to invest in bitcoin and found a dubious promoter to help them.

After calling him, the broker came to one of the investor’s houses and asked to see the cash value of the cryptocurrencies the victims wanted to buy. He then promised to come back with another person who would sell them BTC within 15 minutes.

The buyers were waiting in the home when, minutes later, they heard a knock on the door, and two perpetrators entered the house. They attacked the victims and stole the bag, which contained Dh183,000 (around $50,000), three mobile phones, bank checks and documents. They even threatened to kill one of the investors.

Local police agents opened an investigation and arrested the criminals. The Dubai Criminal Court sentenced them to three years in prison and fined them for the amount stolen. The authorities also ordered the deportation of the offenders once they are released from prison.

The case of Tuenti’s founder

Zaryn Dentzel – an American computer scientist and founder of Tuenti Technologies – suffered a similar attack last year. Five criminals attacked him in his house in Madrid and tortured him into revealing the password that contained his bitcoin holdings.

The perpetrators tied up Dentzel and allegedly beat him for hours. The victim did not give them the private keys before they started cutting and even electrocuting him.

The American later revealed that he had bitcoin worth “millions of euros”. Apart from the crypto stash, the criminals stole phones, laptops and tablets before fleeing.

“After cleaning up the tracks, including spraying the victims with cleaning agents, they each left the residence they had entered while the caretaker was gone for lunch,” the report said.

It took Spain’s national police nearly a year to finally arrest any suspects in the crime. Law enforcement agents detained three men and a woman a month ago who are allegedly emigrants from Eastern Europe.