Receive all Bitcoinist news in Telegram! The arrest comes less than 48 hours after the police received a report of the robbery incident. The 10-man gang was led by jobs in forex companies dubai GCC national and other members are of Asian origins. The alleged thieves convinced the brothers that they had bitcoin to sell and set up a meeting.

In the interim, the gang reportedly tricked a shop owner into obtaining his shop on the pretext of inspecting it in lieu of purchase. As it turns out, the shop owner was looking to sell the shop. Having obtained the shop for the evening, the gang laid an ambush for the brothers. Some members of the gang were in the shop while the others stood sentry outside. As soon as the brothers entered the shop, they were waylaid by the gang members. They managed to subdue the brothers and steal the money before subsequently fleeing the scene.

Major General Abdullah also sounded a note of warning to prospective bitcoin buyers. He urged them to patronize official channels when buying cryptocurrency to avoid falling prey to robbers. The money has since been returned to the brothers. Cryptocurrency related theft isn’t only limited to the cyberspace.

Being valuable assets, people have been targeted by robbers on account of their crypto holdings. In February 2018, news broke out of a robbery that resulted in the theft of 18 bitcoins in Taiwan. What are your thoughts on bitcoin robberies? Do you think they are as serious as cyber-based cryptocurrency hacks? Please share your views in the comment section below.

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