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Learn about the kidnapping of a cryptocurrency trader by a gang in Hong Kong

Posted on November 21, 2022 by admin

Learn about the kidnapping of a cryptocurrency trader by a gang in Hong Kong

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Answer Learn about the kidnapping of a cryptocurrency trader by a gang in Hong Kong

Hong Kong police officers have arrested seven individuals involved in the kidnapping of a cryptocurrency trader, according to reports. local media.

According to the authorities, more people linked to the crime may be arrested during the investigation.

Kidnapping details:

The kidnapping took place on November 6.

After trying to exchange his Tether (USDT) holdings for Hong Kong dollars, a 39-year-old man was violently attacked in an industrial building where he was supposed to meet potential buyers.

The kidnappers beat the victim with metal chairs and hammers, forcing him to allow them access to his encrypted belongings.

Read:Robert Kiyosaki: We are in the biggest bubble in history and governments are going to take over all cryptocurrency

This unlucky trader was then blindfolded and taken to a remote village where he had to endure more physical abuse.

The victim’s family filed a police report on November 9, and the authorities succeeded in locating him in detention.

The kidnappers were demanding a ransom of $30 million.

The man’s luck had changed enough to escape from the hut where he was being held hostage upstairs, while the two guards were not awake.

After being rescued by police, the man is currently in hospital undergoing treatment for serious bodily injuries.

Last month, two men were arrested in Russia’s Kaliningrad region after they kidnapped a 28-year-old crypto investor and forced him to move his cryptocurrency. The victim was injected with drugs and his nearly dead body dumped in the forest.

The man managed to regain consciousness and then filed a police report in his nearest town.

And last July, Hong Kong police shut down a massive money laundering ring that had relied on the stablecoin Tether to conduct its operations.

The point of telling the story and publishing this article is for Arab users to be aware of the risks surrounding if they want to convert USDT into fiat currencies in a hand-to-hand manner, and it is best to convert digitally through the platforms that provide this, such as the platform Arab Bitcoin for buying and selling digital currencies.

Read:Bitcoin Mining Reserve Reaches Six-Month High

Read also:

Transactions on the “Moonriver” blockchain exceed 8 million transactions and advance in the “Polkadot” auction ranking

Indian government meets to discuss future of cryptocurrency


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