Sharjah mum of six loses over million dirhams to crypto scam after being befriended by cybercriminal on WhatsApp

An Arab businesswoman in Sharjah is reeling from the aftermath of a crypto scam that swindled her out of over a million dirhams.

The loss was even more devastating for Sara (name changed), a 51-year-old confectionery business owner and mother of six, as she had saved the money for her son’s wedding and to buy a house.

Sara recounted her traumatic experience with Khaleej Times, saying that it all began in mid-2022 with a seemingly innocuous WhatsApp message that read, “Hello, is this Mr John? My assistant recommended you to me. Are you still selling beauty equipment? I’d like to buy a batch of equipment from you.”

Sara quickly texted back to clarify that she was not the intended recipient of the message. The person on the other end responded by asking, “So what can I call you dear?” Sara gave her name. Much to her surprise, she received a friendly message in return that read, “Nice to meet you. I hope this is a beautiful accident. I am Coco from Hong Kong. Where are you from?”

The brief exchange quickly escalated into friendly conversations about their work and family. Coco said that she was divorced and had a flourishing skincare business in Hong Kong and London. Sara was impressed and the two began chatting regularly.

Not long after striking a friendship, Coco began telling Sara about her aunt who was supposedly helping her make money through cryptocurrency trading.

Despite her initial scepticism, Sara became interested when Coco told her that she could be operating her own account.