Bitcoin Investment Advisor Assaulted in Dubai by a Mob

QUICK TAKE:

Six people assault and stole money from a Dubai-based cryptocurrency expert
The six accused allegedly stole three luxury watches and a diamond ring before fleeing the consultant’s residence in Dubai
They lost millions of dirhams investing with cryptocurrency expert in the digital currency
Bitcoin (BTC) dropped below the $33,000 resistance mark last week, but price action has since stabilized within a narrow range. Due to the drop in BTC, many people lost their savings. According to Gulf News, six people have been sentenced to six months in prison for assaulting and stealing money from a Dubai-based cryptocurrency expert. They did so after they lost millions of dirhams investing with him in the digital currency.
The six accused allegedly stole three luxury watches and a diamond ring before fleeing the consultant’s residence in Dubai, according to the Dubai Court of First Instance. After a financial dispute over their bitcoin investment, the victim claimed the defendants came to his residence, beat him, and took his money and belongings.

Bitcoin investment advisor explains the whole incident

Furthermore, the victim stated that he works in the bitcoin industry and is well-versed in the field. The defendants had previously met with him and sought his advice on a cryptocurrency known as Fantom.