UAE Flight Attendant Faces Jail Over $100K Crypto Loan Default

Cointelegraph

Published Jun 09, 2020 10:35PM ET

Updated Jun 10, 2020 12:20AM ET

A former Etihad Airlines flight attendant says he faces up to three years in jail in the United Arab Emirates (UAE) for being unable to make installments on a $100,000 loan he took out to invest in crypto around the all time high.

Reddit user Crypthomie, identified only as a 34-year-old man who is not an UAE citizen, posted an image to the Bitcoin subreddit on June 9 of his repayment schedule for a 338,000 Dirham loan ⁠— approximately $109,000 ⁠at the time— with Emirates Islamic Bank.

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