The local dubai newspaper reported that an employee of the trading platform steals cryptocurrencies from the system for its own use. The theft was noticed when comparing planned and completed transactions. Hashim Al Qaiwani, director of expertise and dispute resolution, said the court's trial was to blame an employee who used his position to create fake accounts and defraud the money.
The accused were extremely talented in terms of system management and account creation. Firmware for registering digital transactions were celebrated. The mechanism of action was based on the conversion of a small percentage of coin, which is traded on the platform. Then, you entered the database system and sent false information to fake virtual accounts to convert your currency to your own account and other cryptocurrency trading platforms. Unfortunately, due to the lack of management experience in the implementation of IT security systems, they could not detect its activities. This was due to the fact that the administrator's user name was used by all technical staff and this resulted in the inability to detect the culprit. However, the verification of exchange funds and the transaction register showed that there are inaccuracies and lack of balance of funds transfers. The moment when the employee's computer was opened and personal messages about the flow of missing money were noticed, he was unmasked.