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Bitcoin Trader Robbed and Pushed Out of Car in Hong Kong
The trader exchanged 15 bitcoin for HK$3 million before being robbed of both.
Hong Kong police are searching for robbers who lured a trader into a meeting on Monday and stole cash and bitcoin before pushing him out of a car.
STORY CONTINUES BELOW
- The criminals tricked the 37-year-old man into a meeting outside a hotel in North Point on Monday, where two men arrived in a car to pick up the victim, the South China Morning Post reported on Tuesday.
- Police said the trader had chatted with the men online before agreeing to the in-person meeting to sell the men 15 BTC.
- The trader was paid around HK$3 million (almost US$387,000) in cash in the car after he'd transferred the bitcoin to the two buyers, said the report, citing a police source.
- The men then drove the trader an estimated 6 kilometers where they met another three men before forcing him out of the car on a Hong Kong hillside.
- The man was not injured, but the cash and two mobile phones were stolen, per the report.
- The 15 BTC, at a price of around $31,000 on Monday, would have been worth US$465,000, meaning approximately US$852,000 was stolen in total.
Read more: Hong Kong ATMs Must Be Excluded From Coming AML Regulations, Group Says
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
