A Dubai court has ruled that a woman committed theft by implementing a crypto wallet swapping scam, sentencing her to two months in prison, a fine based on the value of the stolen assets at the time of the incident, and deportation. The case shows that during a business meeting in Dubai, the woman swapped the victim's device with an identical-looking hardware wallet, secretly transferring approximately $1 million worth of digital assets. After the criminal verdict, the civil court further ordered her to pay the victim 4.3 million AED (about $1.17 million) with an annual interest rate of 5%. The court explicitly stated that digital assets are legally protected property. The woman's husband involved in the case was identified as a key participant and is currently at large. (cryptopolitan)
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
A Dubai court has ruled that a woman committed theft by implementing a crypto wallet swapping scam, sentencing her to two months in prison, a fine based on the value of the stolen assets at the time of the incident, and deportation. The case shows that during a business meeting in Dubai, the woman swapped the victim's device with an identical-looking hardware wallet, secretly transferring approximately $1 million worth of digital assets. After the criminal verdict, the civil court further ordered her to pay the victim 4.3 million AED (about $1.17 million) with an annual interest rate of 5%. The court explicitly stated that digital assets are legally protected property. The woman's husband involved in the case was identified as a key participant and is currently at large. (cryptopolitan)