Yeliz Akmaca 
A shocking incident shook the crypto world in Dubai. Russian nationals Roman Novak and his wife Anna faced accusations of a $500 million crypto scam. On October 2, 2025, the couple disappeared while heading to meet investors in the Hatta region of the United Arab Emirates.
Authorities found the couple’s bodies after a month-long search. Police reported that Novak and his wife were killed after a ransom request failed. This revelation alarmed crypto investors worldwide.
Details of the Dubai incident
Novak had a criminal record for fraud in Russia. After moving to Dubai, he established a new crypto fund promising high returns. Some media sources claimed he linked the project to Pavel Durov to gain investor trust. However, Telegram’s founder had no involvement in the incident.
Police reports indicate that Novak and his wife were lured into a vehicle. The kidnappers demanded ransom, but when the demand was not met, they killed the couple. Vehicle traces were tracked from Hatta toward Oman and Cape Town.
Investigation and international impact
UAE authorities detained several suspects connected to the case. Investigators are carefully analyzing blockchain-based fund flows. Russian officials reopened the couple’s fraud files. Cooperation between the two countries may reveal details of the international crypto scam network.
The incident attracted attention not only in Dubai but across global media. Experts warned that investors should exercise caution with high-yield projects.
Lessons from experts
-
Investors should avoid projects with anonymous founders.
-
The background of fund managers must be verified.
-
Lack of regulations increases scam risks.
-
This case could accelerate blockchain regulations and improve investor protection.
Overall, the incident serves as a serious warning for the crypto market. Additionally, the ransom claims and international dimension make this case unforgettable in the investment world.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.