According to a top Dubai police officer, people in Dubai have lost Dh80 million, in the first half of 2021 to crypto scams. This is around $21 million.
As per Tarek Mohammed, Head of the Digital Assets Crime Section at the Dubai Police GHQ, many cases have been reported to courts. Besides, he said that investors in the UAE should always do due diligence before making any decisions.
Tarek Mohammed noted:
“This is very important. There are great public resources on the Ministry of Economy website where you can have such information,” said Tarek Mohammed.
This article was first published on coinquora.com