Dubai media office warns about the new scam and phishing Dubai Crypto coin. Dubai is always ahead and encouraging technology. The craze of Cryptocurrency is growing by leaps and bounds. However, though there are a lot of things to consider and have a better understanding of, Scams can’t be stopped. Today, Dubai’s official Tweet comes in as a timely saver.
Dubai Coin cryptocurrency was never approved by any official authority.
The website promoting the coin is an elaborate phishing campaign that is designed to steal personal information from its visitors. pic.twitter.com/Q0HBXfqaDO
— Dubai Media Office (@DXBMediaOffice) May 27, 2021
Dubai coin is a phishing scam aimed at stealing the personal data of its visitors. As reported by Cointelegraph,
Dubai Crypto coin Cryptocurrency Scam
The now-defunct website of Dubai Coin claims that it’s a project powered by ArabianChain Technology, a public blockchain developed in the region. ArabianChain was quick to announce, one day before the officials, that the Dubai Coin website is unrelated to the company. It also called the project website a scam.
According to the ArabianChain website, DBIX is the native digital currency of the platform, but it’s unrelated to Dubai Coin. “DBIX is the fuel of Arabianchain and the first minable digital currency in the region,” the official description reads.
The article’s sole purpose is to educate everyone and especially the new investors. However, I believe totally in new and old Crypto Projects. Bitcoin, Ethereum, Cardano, and also many new Projects are already making their mark in the Industry. But, everyone needs to research before putting in any money.