Armed robbers steal $450K from Hong Kong crypto trader

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Robbers posing as cryptocurrency consumers have stolen about 3.5 million Hong Kong dollars ($450,000) from a female in Hong Kong.

In accordance to a report by the South China Morning Submit on Tuesday, the Hong Kong law enforcement are currently conducting a manhunt for the gang.

A spokesperson for the law enforcement exposed that the group operated by owning one member total several transactions with the target, presumably to get the target’s belief.

Indeed, an investigation into the matter confirmed a few former discounts ranging amongst $77,000 and $90,000.

On the working day of the robbery, the other associates of the gang rushed to the scene as before long as their colleague gained the Tether tokens in trade for the $450,000 payment.

Armed with knives, they proceeded to lock the woman in the workplace where by the deal took place but not right before snatching her Apple iphone and the $450,000.

In accordance to the report, the woman was able to use her second cellular phone to advise her husband who subsequently contacted the police. The police reported that the woman’s uncle who chaperoned her to the conference position reportedly noticed four guys fleeing the scene.

The good news is, the woman was unharmed in the attack, as opposed to other victims that have suffered bodily injuries and even dying at the hand of bandits searching to steal cryptocurrencies.

In May 2019, a Norwegian Bitcoin billionaire was compelled to leap from his second-ground balcony to escape armed burglars. Singaporean Mark Cheng was also kidnapped and tortured for a $740,000 ransom in BTC back in 2020.

The modus operandi of the robbers mirrors a further incident that happened earlier in January. The target in that circumstance shed about $386,000 to the gang.

Crypto-relevant robbery incidents are reportedly a menace in Hong Kong. In accordance to SCMP, the city’s law enforcement recorded 242 theft cases relating to cryptocurrencies in 2020, a 103% boost from the figure recorded in 2019.

Back again in August, police arrested 3 males in relationship with stealing about $30,000 from Bitcoin ATMs in the metropolis.