A UAE resident has lost Dirhams15,000 that he had invested
in the digital currency DubaiCoin, a purportedly newly-launched virtual asset.
The cryptocurrency came under a cloud after Arabian Chain
Technology, which was reportedly behind the launch, denied the news.
The UAE resident, who requested anonymity, said he had
invested in ‘DubaiCoin’ last week through his friend but lost the amount.
“I lost my job and my only savings,” he told Khaleej Times.
The Dubai Silicon Oasis-based Arabian Chain Technology had
earlier said that it hadn't launched the asset, asking people to be cautious.
"Also, this website dub-pay.com/en is fake and a scam. Please
be careful,” it had tweeted.
The Dubai Electronic Security Centre also announced late on
Thursday, May 27, that the ‘DubaiCoin’ digital currency has not been approved
by any official entity and that the website promoting the coin is an unlicenced
one. It aims to phish email information, passwords and phone numbers of people
through an electronic form, the authority warned.
Sources told Khaleej Times last week that an investigation
is underway into this new 'virtual currency'.
More Details: https://www.khaleejtimes.com/news/uae-resident-loses-life-savings-invested-in-fake-cryptocurrency
