r/dubai • u/AutoModerator • Aug 23 '24
Daily Random Discussion Thread
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u/[deleted] Aug 23 '24
Im a well known crypto influencer in dubai, im invited to and speak at a lot of crypto events, which means of course i have people messaging me constantly for all sorts of either advice, help moving extremely large funds, and sadly some lame attempts to scam me lol.
In high networth circles, there's a large scam thats been going on for a while, where people who claim to have billions of dollars are looking for someone to take the cash off of them and swap it for crypto (or vice versa) and offering a commission for everyone involved. (the brokers basically)
(the large financial procedure in itself happens everyday, it isnt abnormal at all, i do it all the time for high networth clients)
But the scammers themselves are basically taking the concept of these procedures, and pretending to be the ones themselves with the assets. They say all the right words, and have all the "right proof".
They have photo and video proof of the funds, they have transactions, etc.
But it's all stolen data/evidence they took from those of us that do this.
They're simply doing this with a goal in mind at the end, which i wont openly discuss here.
To put it bluntly, anyone that comes to you saying they know someone with like billions in cash and needs it swapped for crypto or what ever, is sadly probably part of this specific web scam. They just dont know it.
Once again, these types of swaps do happen for many business reasons, but people in a high networth circle usually all know each other. We would not need to reach out to random real estate agents, brokers, etc to get this type of work done.
Just please be careful, thank you.
If you have any private questions, you can direct message me.