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Eight criminals stole from a group of Chinese businessmen after alluring them with a Facebook post offering cheap Bitcoin.
A group of Chinese businessmen in Dubai, UAE lost more than $250,000 after clicking a Facebook post offering cryptocurrency for sale.
The malicious actor behind the Facebook post managed to show proof of Bitcoin ownership, which then lead to their accomplices raiding the victims’ apartment.
The attackers stole the money and the victims’ mobile phones, before tying, locking them up and escaping from the apartment.
One of the victims managed to free himself and hold one of the attackers until the authorities arrived. The other attackers, however, managed to run away with more than $200,000 worth of cash and valuables.
Following the car’s license plate lead, the police was able to track down and catch all the crooks, which were all 38-years old Pakistanis. According to The Next Web, out of the 8 criminals that were charged, only 3 have been sentenced formally due to lack of evidence.
This is not the first time for crypto-related physical crimes to happen. Earlier last month, a Dutch Bitcoin trader was robbed and brutally tortured in front of his 4-years old daughter.
Read more: Dutch Bitcoin trader robbed and brutally tortured with heavy drill