Fun

Robbers Take $450K From a Tether Trader During an In-Person Transaction in Hong Kong — Second Incident in 2021

News Feed - 2021-01-22 03:01:01

Robbers Take $450K From a Tether Trader During an In-Person Transaction in Hong Kong — Second Incident in 2021


Hong Kong police are investigating the second incident in the year involving an offline cryptocurrency transaction. A female trader is reportedly the latest victim of robbers who stole her HKD 3.5 million ($451,000) worth in tether (USDT) tokens. One of the Robbers Gained Female’s Trust by Performing Three Successful Transactions


According to the South China Morning Post, thieves lured the female crypto trader to an office for arranging the deal. The incident took place at the Ricky Centre on Chong Yip Street in Kwun Tong, said the authorities.


Initially, the robber allegedly gained the female trader’s trust by successfully performing three transactions before the incident. The amount of money traded was in the range between HKD 600,000 ($77,400) to HKD 700,000 ($90,300).


At the time of the robbery, the woman agreed to deal with the same man. One police source told South China Morning Post: Investigations showed she was paid HKD 3.5 million in cash after using her iPhone to complete an online transaction and sell him USDT tokens.


But right after the trade took place, three men carrying knives and rods jumped out from another room and took the money and the woman’s phone. Robbers didn’t flee from the scene without first locking the female crypto trader inside the office.


Police Are Still Looking for the Four Robbers


Police said the woman called her husband through her second phone, who then called the authorities. The investigation revealed that the criminals rented the office on a short-term lease.


No arrests have been made, while detectives from the Kwun Tong criminal investigation unit are in charge of the case. According to the woman’s uncle, who drove her to the building, four men fled from the scene in a delivery van. The female trader was found uninjured.


As news.Bitcoin.com reported on January 7, 2021, a 37-year-old man was a victim of a theft from a gang of robbers who fled with 15 bitcoin (BTC), worth HKD 3 million ($387,000) in cash. After the transaction, the robbers kicked the victim out of the car on a hillside while counting the money.


What do you think about this second crypto-related robbery incident in Hong Kong? Let us know in the comments section below. Bitcoin Websites Asked to Remove White Paper After Craig Wright Claims Copyright Infringement NEWS | 8 hours ago Crypto Custodian Xapo Set to be a Digital Bank in Gibraltar NEWS | 20 hours ago Tags in this story Asia, Hong Kong, hong kong crypto, In-person trade, Police, robbery, Tether, Tether (USDT), trading, USDT


Image Credits: Shutterstock, Pixabay, Wiki Commons Purchase Bitcoin without visiting a cryptocurrency exchange. Buy BTC and BCH here. Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments

News Feed

Edward Snowden ‘Felt Like Buying Bitcoin’ While Traders Hunt for the Market Bottom
Edward Snowden "Felt Like Buying Bitcoin" While Traders Hunt for the Market Bottom Following three consecutive days of losses shedding $50 billion off the cryptoconomy, digital c
Hong Kong ETFs open the ‘door’ to Chinese RMB holders, issuers say
Martin Young2 hours agoHong Kong ETFs open the ‘door’ to Chinese RMB holders, issuers sayFund issuers and industry experts hope Hong Kong’s new crypto ETFs will open the door for mainland Chinese investment in the
Ethereum Profit Streak Signals ATH Breakout For Over 90% Of Investors
Este artículo también está disponible en español. Ethereum (ETH) is once again in the news, but this time it’s good news for buyers. Recent data shows that over 90%
Polymarket raises $70M from Vitalik Buterin, Founders Fund
Josh O"Sullivan9 hours agoPolymarket raises $70M from Vitalik Buterin, Founders FundAmid increasing U.S. regulatory scrutiny, popular crypto-based betting platform Polymarket has secured funding to expand its global oper
Crypto Downturn Shakes Digital Collectible Markets as NFT Sales Slip 42% Lower Than Last Week
Crypto Downturn Shakes Digital Collectible Markets as NFT Sales Slip 42% Lower Than Last Week Non-fungible token (NFT) markets are starting to feel the pain from the crypto market
SUI Uptick Sparks Hope, But Is This Fleeting Recovery?
Este artículo también está disponible en español. Sui (SUI) is showing signs of a potential reboundas its price climbs above the $2.80 mark, sparking optimism among trade
Helen Partz10 hours agoCoinDCX exchange expands self-custody wallet to support 155 countriesWith Transak’s integration, CoinDCX’s Okto wallet has increased the number of supported jurisdictions from 60 to more than 1
Bitcoin and Submarine Sandwiches: Quiznos Restaurant to Pilot Payments via the Bakkt App
Bitcoin and Submarine Sandwiches: Quiznos Restaurant to Pilot Payments via the Bakkt App On Tuesday, Bakkt Holdings revealed a partnership between the national q
4 tips that’ll keep your crypto safe from hackers this bull market
Jesse Coghlan1 hour ago4 tips that’ll keep your crypto safe from hackers this bull marketFrom choosing a secure exchange to setting up DeFi protocols security, security sages have shared their top tips so you can keep
Bitflex Commences BETA Testing With Zero-Trading Fees
Bitflex Commences BETA Testing With Zero-Trading Fees press release PRESS RELEASE.Seychelles, June 20, 2022– Bitflex Inc. (the “Company,” “we” or
No, You Can’t Buy Shares in Bitcoin
No, You Can"t Buy Shares in Bitcoin With bitcoin going through an extended bull-run, scammers and con artists have been on hand to exploit a general fear of miss
Prediction: Bitcoin to Rival Gold as a Store of Value in the Digital Age Thanks to Halving
Prediction: Bitcoin to Rival Gold as a Store of Value in the Digital Age Thanks to Halving The total market capitalization of gold is estimated to be above $7 trillion, which is