One of our most important trends in Arab Bitcoin is to shed light on fraudulent operations related to encrypted digital currencies, and the aim is to provide interest, science and lessons.

In addition to warning of its methods, as this market is characterized by transactions based on digital currencies, which is one of its characteristics of decentralization, and thus it is difficult, if not impossible, to return the digital currencies that were sent to fraudsters.

As the Arab crypto community knows, we have an affiliate channel on Telegram that offers the service of buying and selling cryptocurrencies, which can be accessed from the linkwhich is one of the oldest channels specialized in buying and selling digital currencies between individuals, which has high execution speed and reliability.

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With the expansion of the field of crypto in the Arab region, many channels have emerged that provide buying and selling services, including reliable and others.

In the following, we will discuss a fraudulent channel targeting members by luring them and deceiving them with the large number of members you have.

Below is the story of a user who fell victim to a scam by the Bitcoin Gulf Channel.

A story of one of the victims of the Bitcoin Gulf channel:

First of all, we thank this user very much for providing advice and warning to his brothers so that they do not fall victim to such fraudulent practices.

This user tells what happened to him as follows:

I have been someone for a while because I am an advertising worker in a forestry site to sell digital dollars
He was asking for bitcoins and I was really surprised, that he gives me a commission of more than $100
I tell him a lot of commission, he says never the right of your trouble.

He contacts me with an Emirates number

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He was constantly giving me his wallet on the blockchain, titled:

1Kfpt4E2tNKh2jrU2mDA8oKLmSLRcY4AeB

He used to transfer money to me through different people every time, about 5 times
And different amounts not exceeding 8000 riyals

This fraudster uses the method of fetching offers. You want to buy USDT digital dollars and tell them the bank transfer and provide them with the bank address of this user (the victim is the subject of our article).

After the money reaches the user (the victim is the subject of our article) the scammer tells him to transfer USDT to him instead of the real buyer.

This victim user continues his story, saying:

I complained about him and asked him, to send me only one person and send
I have his identity and he is procrastinating in the identity.

And he said, “Salvation” in someone who will constantly transfer his name to you (???) and send you his identity
And actually (???) that’s about me 3800 riyals.

But he did not send his ID, and after I urged him, he says OK, I will send you

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And then he disappeared for how many days and came back to me

He asks for Bitcoin and I felt suspicious and doubtful about him, so I told him I really don’t have a digital dollar
I sent him the link to your channel (Bitcoin Arab Channel) and told him to deal
With them, it will benefit you a lot, God willing.
So he sent me a link to a channel called (Bitcoin Gulf).

He said, “These are better and their prices are lower, and I advise you about them, and you see them as trustworthy, and I dealt with them a lot, but they do not have Bitcoin today, only a digital dollar, and I need Bitcoin.”

I saw excellent prices on the channel at 3.80, so I asked him for an offer of 5 thousand dollars
And he sent me the name of a person to whom I transferred and I transferred 19 thousand riyals to his account

Through a friend of mine who wants it, and I advised my friend and told him about
I took the error and sent my friend 5000 USDT for his wallet because he is not guilty and I am the one who got him involved.
And I bear witness that God intends good and I will benefit him.

And he sat procrastinating and said the conversion was done, and I called upon him and frightened him by God by conversing, and I sent him a Qur’anic verse about eating people’s money unjustly, and its punishment is with God.

He did not transfer anything and suddenly all the conversations between me and him were deleted and he made a block for me
I went back to WhatsApp and told him this is you, and I suspected you from the beginning, but I didn’t walk behind my feelings
I sat threatening and promising it and made me a block.

After that, I knew that the one I turned into a victim exactly like me, one day this scammer was taking bitcoins from me and leaving the victims transferred to my account because he deals with him as he deals with me.
By buying bitcoin and making someone else transfer the amount to his personal account, just like what happened to me.

What it became clear to me is that he hunts people in the channel in telegram and who wants one of the sales offers
He converts it to so-and-so from the people who sell bitcoins on a forestry site and asks them to buy currencies and transfer them on his platform and makes the victim in the telegram the one who transfers the value of bitcoin thinking that they are buying the offer in the Gulf bitcoin channel
And here I confirm that the transformer and the transformer are deceived.

This filth was taking advantage of everyone

I reported it to the public security and now the report is under procedure

And I ask God Almighty, Lord of the Great Throne, in this blessed month
That Ramadan does not come out except that this filth is afflicted with diseases that have no cure, and he spends it on his treatment and does not find a cure.
He asks God for repentance, but it is not accepted from him as Pharaoh and his soldiers, because he harmed society and corrupted trust between people

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Beware of the Bitcoin Gulf Channel:

Gulf Bitcoin Channel A fake channel based on Telegram claiming to provide services for buying and selling cryptocurrencies, which was originally in other directions but has been redirected.

This channel has 18,000 members, which gives the impression that it is reliable, but in fact it is fraudulent, as many users have been scammed and stolen like the one whose story is mentioned above.

The owners of this channel promote it through a site that copies and steals Arab Bitcoin content without permission, license or reference to the source. Here are some examples:

The following image is of an article copied from The source article published on Bitcoin Arabs:

Here in the image below, they changed the image of the article but forgot to change some of the content to at least look like it was their own?! (Article Source)

They did not bother themselves, as we were told, even a small part of allocating something that represents them, but even stole the sections and rankings of the Bitcoin Arab website:

until The free course and course that we offer in Arab Bitcoin It was completely copied by them, without even mentioning the source.

Beware of this fraudulent channel and its like, who are all concerned with stealing people’s money unjustly, and using all possible means to do so.

Read also:

Beware of scams related to digital currencies targeting Arab users