Dubai Court Jails Woman Over Dh4.3 Million Crypto Wallet Swap Scam
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- Dubai court jailed and deported a woman for swapping a crypto wallet and stealing assets worth about $1 million.
- The scam occurred during a Dubai meeting where she secretly replaced an investor’s hardware wallet.
- The civil court ordered Dh4.3m compensation, recognising crypto as protected financial property under UAE law.
A Dubai court has sentenced a woman to jail and ordered her deportation after finding her guilty of stealing cryptocurrency worth about $1 million by secretly swapping a hardware wallet during a business meeting.
How the Crypto Wallet Swap Happened
According to court records, the fraud took place during a verification meeting arranged in Dubai. An investor had been introduced to a man who claimed to run an investment company and showed interest in financing a business project.
Before moving forward, the man requested “proof of financial …
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