Policy & Legal Updates
Dubai Court Orders $468,332 Repayment Following $803,000 Crypto Phishing Scam on X
The Dubai Civil Court of First Instance ordered a defendant to return $468,332 in cryptocurrency, or its equivalent in dirhams, to a victim who lost $803,000 in an X phishing scam. Dubai Police traced the stolen assets through decentralized wallet swaps into the defendant's registered trading account. The court also awarded the victim Dh50,000 in moral damages following a final criminal conviction.
