Bitcoin Forum

Police in Dubai have arrested ten members of a gang who reportedly stole 7 mln AED ($1.9 mln) in an armed Bitcoin heist in Dubai on Wednesday.
http://cryptozona.ru/dubai-police-use-ai-tech-to-locate-and-arrest-gang-suspected-of-1-9-mln-armed-bitcoin-heist/

if it is true, then it's good that police are arresting people related to bitcoin robberies, this way people who lost money can get refunded. This is why communication with givernments can do some good

Guess this was one lucky case as robbers  haven't hid stolen funds well enough. It is good to see that even with cryptocurrency police is able to get the money back. But sadly I don't believe this is the case with shady things such as robberies out there. Many end up unnoticed or without the possibility to get the funds back to the right person.

Although this article provides very low amount of information regarding this case.

It's not the same thing. It's a robbery under weapon threat, it's not different than traditional robbery.

The link posted by OP is just a republish article from gulf news, try to check this (http://gulfnews.com/news/uae/crime/watch-dubai-police-recover-dh7m-from-bitcoin-heist-1.2213314). It even have a picture of the suspects.  

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Two brothers with a $1.9m? Oh come on, there's a high possibility that they are just a front man for this epic trade OR....  maybe not if, they are those famous guy in dubai with lambos. (I'll choose the first one)
Now, I'm curious what if it happened that they push to trade on an exchange. Would this make the graph move?

Earlier this month, Cointelegraph reported on a heist involving an in-person Bitcoin transaction in Singapore, in which a Malaysian man was assaulted and robbed of $365,000 in cash by two bogus Bitcoin brokers in his hotel.

It's really sad to know that in different places we notice that there are a lot of issue in regards in cryptocurrency. There are a scamming portion in some other places and there are robberies portion in dubai. In what happening now, we do recognize how people are eagerly desperate to do foolish things to others just to have crypto. This is another negative things that can really brings bad effects to cryptosystem. I think this is also the reason why some countries are doing totally banned of crypto in their country because there's a fact that crypto will be possible cause of doing people's illegal activities. This could be the big problem in cryptosystem that really needs to make immediately solution.   

hopefully such incidents for the future diminish and if it could even have no more crime so everyone will feel safe wherever and whenever, let alone the incident involving the name of bitcoin certainly can spread the issue is not delicious

Okay your point being? bitcoin is money and people are addicted to money. So you'll see robberies happening every now and then. Even if it is in bitcoin. So you don't have to post every single article about bitcoin and its robberies or rather anything. Its a good thing that the police caught them but honestly no one even cares.

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.

Just like what happens here our country a cybercrime related bitcoin scammer caught by the police he took worth of million using bitcoin for investment. Just research "A list of scamming allegations against Xian Gaza" he has the biggest scam here in our country using bitcoin but now he was in jail. These kinds of people who destroy the reputation of bitcoin must in jail and be punished by the law.

Wait, do the robbers actually own Bitcoins they were claiming to sell? I mean, if I were a buyer in that set up, I would make sure I ask for a signed message from an address that actually had the coins I'd be trying to buy. This just seems like a massive mess that could have easily been avoided.

Then again, maybe the robbers do have "show coins", in which case there's really not much you can do other than avoiding face to face transactions altogether.

robbery bitcoin using weapons? is not that bitcoin transaction online? how can it be stolen using weapons? is this a new way of digital currency theft?

The OP is trying to say that robbers use the name “Bitcoin” to lure victims in a common robbery hold up scenario. In my opinion this situation is a typical robbery that doesn’t involved actual bitcoin transaction, because of the popularity of bitcoin people who heard even its name is being interested and hurried to invest and bad people using this to commit their crime. Anyway there is nothing we do about this, however lets just be careful nowadays guys.

really sad once, it turns out now the digital currency has become the target of the robbers not just cracker ..
it seems that digital money is so well known among ordinary people to armed criminals.

but do you think the blochain system is completely safe from cyber criminals?

wow ... how to rob bitcoin online with weapons, is this robbery in cash or online, ...?
but I really like this news because the perpetrators of robbery have been caught and really salute for the police

Did you read the article? Lol. There was no Bitcoin transaction involved. Heck, Bitcoin was barely involved at all. Robbers basically posed as Bitcoin sellers, met with clients, then stole the money they brought with them to buy the coins with. This isn't digital currency theft, it's just your typical centuries-old run-of-the-mill robbery.

As far as this case goes, if you don't trade cryptos face to face, you have nothing at all to worry about.

If this is robbery with the help of physical strength, then I would like to see robbers detained in Saudi Arabia.  Because in a country with Islamic laws, a robber will be made a disabled person for life.  Therefore, the robber there will think 10 times over the consequences, before committing a crime.

I wonder how AI helped them in this? It turns out that the Dubai police are the most technologically advanced and progressive in the world. The CIA needs to learn from them

The cryptocurrency is a kind of technical currency.so a scheming is using technology to deceive people.so bitcoin robbery is affecting the crypto market and for this many countries have prohibited Bitcoin.so everyone should be cautious to prevent robbery.

Dubai Police Use AI Tech To Locate And Arrest Gang Suspected Of $1.9 Mln Armed Bitcoin Heist
Its a good news that Cops can get the criminals, the bad thing is the robbery.

Yes, i read something like that in the news of UK, click the link i provide,  https://www.express.co.uk/finance/city/910958/Bitcoin-ripple-ethereum-UK-robbery-cryptocurrency-armed-thugs-oxfordshire-news-latest/amp (https://www.express.co.uk/finance/city/910958/Bitcoin-ripple-ethereum-UK-robbery-cryptocurrency-armed-thugs-oxfordshire-news-latest/amp), so we should be careful not to brag about we have a bitcoin account and there is a balance, bitcoin is hot in the eye, especially eyes of the bud guy.

criminals can actually use bitcoin to get stolen at the moment that such behavior is to be made to be especially cautious in the eyes of evil people the greatest value nowadays no matter how bad people are doing stea.
Hopefully next time do not happen that incident anywhere else we always watch

The armed robbery or not, it is important that the police or the state should look at the Bitcoin with precious images. In this sense, interventions are important. In a similar case in my country, the police caught thieves, tracing Bitcoins. Moreover, there is still no legal regulation in my country. As a result, countries like Bitcoin and crypto money are valued as such and they are helping their citizens to be protected. In fact, the Cryptos that can actually be used in many countries find it an opportunity to spread. Bitcoin's presence is important and everyone has to take it as a precaution for that. Because it's not something you can always watch. With Escrow it is very difficult to follow and be found in sales. It can take centuries to follow anonymous wallet.

many peoples come into crypto, even the evil ones too. one thing about crpyto is you must protect your own wallet.
if your wallet exposed, it will be the end. we have full control on our wallet, keep it safe.

Was just going to share that story too, it was all over the news when it happened. It really also highlights the point that privacy is definitely important when you're dealing with Bitcoin or money in general.

Indeed, you shouldn't go around boasting that you're owning Bitcoin. It's definitely a sure way to put yourself on the radar of such criminals.

Yeah, I exactly agree to you... Nowadays it is a common problem not only in Dubai but also in lots of country....  Scam and other related problem arose today...  I think Bitcoin is gaining its popularity and its a normal occurrence...  Some people especially those who has a negative motives will als penetrate here...  Its quite alarming...  Everyone of us should to be aware of it...  Its very difficult to earn here that's why everyone should need to know it... 

Bitcoin robbery is a bad things and if is true and police arrested them, that shows how effective the country are, and does that has bitcoin them stolen, by return it to owner, is good to be grateful to community.

the robber is very bad, for bitcoin users. because the robbers are very uneasy about the bitcoiners. because the bitcoiners have struggled to collect a little to meet the cost of living. but sometimes taken or stolen by irresponsible robbers.

the funny thing is it had nothing to do with bitcoin. it is the dumbness of the people. they might as well have been robbed of their cash, gold or anything else of value they had if they flashed it around like that. it is like bagging to be robbed or sending an open invitation to all the thieves to come and rob them.

It's really sad to know that in different places we notice that there are a lot of issue in regards in cryptocurrency. There are a scamming portion in some other places and there are robberies portion in dubai. In what happening now, we do recognize how people are eagerly desperate to do foolish things to others just to have crypto. This is another negative things that can really brings bad effects to cryptosystem.

yeah we know that bitcoin is usually used by the cirimnal to send a money or receive the money because it can't traceable by the government and the police and of course police will ot know the owner of that address, so i think bitcoin is the safest place to transaction if you want to makes people dont know who you are

wow, do they have no other way to get bitcoin? I see today many people are interested in bitcoin, not just in dubai. anything way to get bitcoin.

a few months ago, more than 600 computer mining devices on the islandia reportedly stolen. consequently the loss reaches $ 2000000.

so, criminals not only steal the contents of the bicoin wallet, but also steal mining devices.

I think we should be more careful. store and secure our bitcoin asset.

Encryption assets are not very well regulated, resulting in some tax evasion and asset flight.

It seems that this report goes into further detail here on CNN here
https://www.ccn.com/dubai-police-arrest-suspects-behind-1-9-million-bitcoin-heist/
It wasn’t BTC that was stolen, so there was no BTC to recover and return to its owner. Two brothers were looking to buy BTC and they were lured in by a supposed gang. The interesting thing here is that the dubai police willingly and proudly stated that their “smart program: involving the use of Artificial Intelligence was used in apprehending the perpetrators. How deep does the Dubai Police penetrate the communications in their city? And is this for or against what their laws govern.

it is like hackers where they find their victims who have large money. Like criminals, they are the reason why government take action and bitcoin get affected y it because they have too take an action for those who abuse the use of the money and used for illegal to earn for more. To avoid to be robbed, be careful on what you have, make sure that you keep it safe with strong security. 

every year, criminal acts increase high, online theft (hackers), or theft offline, meaning they steal by doing theft without hacking the system. but I think more theft events with the hacking system.
and more hackers dominate stealing shares in every exchange.

Reputation of bitcoin is not destroyed by theives. By that logic  even the dollar's reputation should be destroyed. But yet US fucking capitalism exists. We have media to destroy the reputation of bitcoin.

Yes of course we can hope that this type of crime should diminish but in reality as crypto currency gets more popular I am pretty sure more people will be interested on stealing it. I think this will be one of the positive side when a government recognize crypto currency as a legitimate currency. They can create laws and protect Bitcoin/crypto currency users against these type of criminals.

The news is just unbelievable. Armed robbery in trading? Really? Why need to set up a meeting if they just can hack (assuming they can) some exchanges. This is just plain ridiculous.

you guy should be careful. i may use strong password, more security solutions than i did

how do they rob bitcoin while bitcoin does not exist in real form, ...? do they rob the key of his wallet only ,, ??? ???

heard the news is very sad, because bitcoin can still be robbed. I think this is a warning to bitcoiner, be careful in using bitcoin because crime could happen to bits of bitcoin users.
best for the police in duibai because it can be immediately alert to catch the criminals

the first thing that puzzled me how a robber robbed bitcoin using a weapon,
while the bitcoin itself was not the shape, or the robber had been stalking
the person to be robbed, because we do not know who holds the bitcoin.
or this is just a scenario to become famous.
but we must be careful too because evil will always be there if there is a chance.

If that is true news, it's good that those criminals have been caught. It's sad because bitcoin can be robbed, but it's pretty good because they got caught. But we need to be careful. Thumbs up to the police in Dubai, they are alert.

It's good that the police caught the robbers and they will answer for their act. This situation shows that the government cares about the fate of the cryptocurrency and they protect the interests of citizens who have it.

Armed robbers broke into the home of a Bitcoin trader and forced him to transfer the digital currency. With a gun pointed, four robbers entered the house of Danny Aston (30), in the village of Moulsford, South Oxfordshire, England. The sobering robbery was called the first Bitcoin robbery action in Britain.

This good news, indeed the thief should be arrested, because the thief is very uneasy people, because it is harmful as well. appropriate if he was arrested by the police

that is why the GISEC which is currently ongoing from the 1st till 3rd of May, is officially supported by Smart Dubai and the Dubai Police.
HP, Microsoft, Etisalat, Cisco, Mimecast, ESET, Malwarebytes.... all participating. Should be a great event.

Bitcoin Robbery is a function of the person that closed to you and also the can of company you keep. what i know about bitcoin and other alt-coin transaction does online with out knowing each other. the only communication is the prize and quantity.

We are not anymore safe in this world! I don't what is the greediness that covered to the criminals, even the safest way of transaction (bitcoin) is not anymore safe to use. If we want to be safe, then act as a normal person. Dubai is an industrialized country. But look at it, crimes are still rampant specially, robbery. Authorities and government can't never prevent this crime, what they need to do is to show to the citizen that if they do something bad, they will be imprisoned.
I am also looking for a vault in case I want to hide my bitcoin. Nowadays, safe is not anymore existed so we should always have security.

Though bitcoin is very sustainable and very volatile crypto currency and is proved that it is always a boon for the mankind but as everything has its pros and cons and thus the bitcoin. Bitcoin like all other investment always undergoes pumps and dumps and even bitcoin transactions is very secure and confidential and I think this leads to the biggest disadvantage of bitcoin that it is frequently used for illegal activities like selling drugs, explosives, money laundering etc.

Criminal right now more like bitcoin than fiat money or other luxury stuff  ;D. Bitcoin attracting not only for new investor but also attracting criminal but good job for dubai police for failing that robbery,

 It turns out that the Dubai are the most technologically advanced and progressive in the world.

Regulation in the crypto space will tends to to help curb the issue of robbery, am always happy when thief get caught,Most importantly, you have to ensure you secure yourself with all necessary and available  platform to guard against  BTC  theft

As I follow the link you shared, it is like the robbers and the victims don’t understand what bitcoin is all about…I think there is misunderstanding about the cryptocurrency, “

«The brothers searched randomly in the market to buy Bitcoin. The gang lured them claiming they can sell them Bitcoin.”

http://cryptozona.ru/dubai-police-use-ai-tech-to-locate-and-arrest-gang-suspected-of-1-9-mln-armed-bitcoin-heist/


---Why in the world, the brothers who are victims went to market and plan to buy bitcoin????? Bitcoin is not something you can get or buy or sell in the market…Correct me if im mistaken with this issue.

how they stole bitcoin? bitcoin is a digital currencies that can only access by the owner, are they force the owner to open the wallet and send all of bitcoin into their wallet? if yes i think its a big criminals, or maybe they found the private key in the public? (immposible possibilities)

Very well that those armed robbers were arrested, even though they were only 10 members of it atleast it lessen some cancers in the world, but they didn't hid their money very well.

Robbing virtual currency may be a new type of robbery, and the funds after this robbery are even more difficult to capture. This is the dark side of the continuous development of the times. I think that the virtual currency needs to increase some restrictions to prevent illegal activities.

Sooner or later we will hear more about bitcoin robbers getting popped due to the transparent nature of the blockchain. I'd like to see more of these scumbags get popped for thinking they are safe by exploiting bitcoin. One issue is that they may be trading their bitcoin for anonymous coins, so it would be nice if techniques could be developed to catch thieves in the middle of the act of attempting to exchange coins. I'm pretty sure software could be developed to flag and hence prevent stolen bitcoin from being exchanged into other coins.

Which I emphasize here, I want to give an appreciation to the Dubai Police. They are very intelligent in uncovering this bitcoin robbery. I am sure to uncover this robbery, they use sophisticated technology. I'm sure that they already have good controls for bitcoin in their country. Not necessarily, if this happens in another country, for example in my country, then I am not sure that the police in my country can reveal the same thing. It is amazing that this Dubai Police work. I can not imagine if this robber passes then he will make a destruction in the market by manipulating prices in the market anyway. I suggest to all of you to be carefull with your bitcoin. Hopefully in the future, things like this don’t happen again and people are more responsible according to their capacity.

Theft of cryptocurrency is not confined to cyberspace. Valuable assets have been the target of robbers because of their cyrpto ownership. In March 2018 there was breaking news from a robbery that resulted in the theft of 22 bitcoins in Singapore. 8)

We all know that robbery is all around the earth. It's society keeps on growing. So it is expected that here in bitcoin society robbery may grow too.

The criminals are interested in this type of asset because of their nature making it ideal for robbing some unbound purses with user identification and it is difficult to prove that the user is indeed the owner of the involved crypto assets.

is this trure?i cant believe it

That's  good news for bitcoin user that police are helping people to get back their bitcoin,if the news is real.people can use bitcoin more safely.

It is really a dangerous and terrific news for the industry. There are so many rich people who want to involve in this sector. But this kind of news will discourage them to invest. And thus we all will stay behind the development.

I can guarantee this is not happening for the first time, these type of crime will increase with time. Hats off to Dubai Police they proved that they are not just royal in tradition but they can also handle when it comes to cryptocurrency frauds and scams.

should be bitcoin hard to steal, because bitcoin already has a keystroke or private key that is very difficult to be broken and bitcoin should be one of the best places to store assets owned may be the fault of the owner of the wallet that may be lax.

I remember how I read that at noon on July 20 last year the hacker transferred 153,037 aired $ 31 million from three very large wallets owned by Swarm City, Edgeless Casino and Eternity. An unknown fraudster managed to change the purses belonging to a vulnerability with multiple signatures.

I see nothing strange. Bitcoin has its value and not a small one. And all that has at least some value will sooner or later become the subject of robbery

Wow, I really appreciate the performance of this Dubai police. With the advantages of decentralized bitcoin and the presence of anonymity then it's a tremendous effort to capture bitcoin theft. Whereas to uncover the theft of bitcoin is very difficult even impossible. But, Dubai police have proven it. I am very impressed with this smart work. I'm sure that Dubai police have a great catch and investigation strategy. I'm sure that the Dubai police are taking advantage of an innovative renewable technology that I myself have not known.

Well, at least someone is punished. I thought that all crimes committed with the help of crypto currency are left without punishment

Bitcoin is a very bad event for robbers. Because the robbers are very uncomfortable about BTC. They earn this bitcoin in exchange for a lot of hardship and sacrifice and sacrifice. But when the coins earned by their hardship take the robbers they are frustrated. So it's really a lot of bad news for everyone.

The bitcoin robberies are quite likely to happen. And the fact has already happened like in a sale, seller send bitcoin to buyer but the buyer don't send the money back to seller

Wow, that's something new, I've never heard of such a thoughtless attempt of robbery.
The cheaters generally used other methods for stealing bitcoins - fishing links, e-mail with viruses, etc.
Thanks God the police reacted promptly..

They are done great robbery but finally, the Dubai police arrested 10 great robberies within 4 hours and recovered the money around Dh7 million worth of bitcoins.

Robber in bitcoins is very serious problem that the world and cryptocurrency faces nowadays. Through this the threat gives a very alarming moment to the investors so many of them are afraid to invest.

Bitcoin robbery is a bad things and if is true and police arrested them, that shows how effective the country are, and does that has bitcoin them stolen, by return it to owner, is good to be grateful to community.

Good job the UAE police. Investigation should be carried out extensively so that the lapses the thieves latched on will be covered in case of future occurrence. The holders also though lucky this time should improve their cyberspace security.

How sad is that, even in cryptocurrency, there are still some people who are doing illegal crimes, like stealing bitcoins, it still illegal, because Bitcoin has now value. I am really sad because, they are still using cryptocurrencies for illegal doings.

Seems like nothing can stop 'the bad guys' from their stealing attempts. Wish all the police officers would follow the example of their UAE colleagues.

   bitcoin robberies is regarded as a sharpness in stoling coin from other amalgamated amount of coin.many highly meritorious person related in this faculty search for different ways to drag out coin from the other account. it can be released by government,s strong steps for bitcoin robbers.as a consequence both government and account container are benefited . besides id users also to be conscious in this matter.

If it is true there are two things to talk about. Whether the police is working really hard and has professionals on the board or these hackers were quite dumb because they are arrested now. Anyway, it is a good news, if it true.

How possible for someone to rob in bitcoin. I thing there is an inside information or a tip off before anyone can now one possess bitcoins of such amount and can be retrive from this particular person.

You know it to invest, There are many rich people want to participate in this field. But this kind of news will prevent them from investing.

it's really horrible because a lot of stolen bitcoin is probably not that human error is not too careful and may be because the security of the computer is also not very good. hopefully it does not happen for the second time.

Is this really true? Well I think bitcoin robbery is so hard to do. It needs a genius mind and skills to do this. Or maybe this happens due to carelessness or mistrust of private informations.

its not so easy to robbery of bitcoin it could do this only greatest person and genius folk. Or bitcoin not a toy that everywhere will you put it keep any safe place and strong web or site in computer. how to hard it robbery. I think bitcoin had to deal of during time to robbery it can be or not could be.

This kind of thing only the great persons and great hackers can do because it's not a easy task but as per the above posts that the police is catching the fraud people like in Dubai which can be dangerous to the hacker's
So plz be alert great persons  ;D
Thank u .

So true bro only the hackers can do this and it requires great skills.

Bitcoin, Dollars, AED.. should not change so much in terms of laws.. if there was a robbery, then it should be fair that they pay.. does not matter the currency. Cause yes, bitcoin should be, and IS considered a foreign currency.

Dubai Police where able to catch the robbers because they stole AED coin and this coin is centralised , that is why their intelligence team where able to find the location through IP address and catched them. But It is nice to know that Police are solving and catching the robbers in crypto robbery. I think if they would have robbed the bitcoin then it would have been hard to catch them.

Because their security is not so good, they lose their bitcoin

I think this is an isolated case I know Gulf countries like UAE are very strict on implementing their law local people of Dubai is very wealthy I don't think they would be mined and rob that small amount of bitcoin.

Probably how his robbery through Escrow can be in the know for each transaction, if through Bitcoin it is difficult to track who the owner of Bitcoin.

But I am very grateful to the police officer who has arrested the perpetrators, because every crime must be in law in a balanced manner with what is done to others.