Bitcoin Trader Robbed During an In-Person Transaction, Kicked Out of Car in Hong Kong

An unnamed 37-year-old guy was once a sufferer of a robbery from a gang of robbers who fled with 15 bitcoin (BTC), value HKD three million ($387,000) in money. They agreed to fulfill in consumer for a crypto alternate transaction.

Six Non-Chinese language Suspects Allegedly Concerned within the Robbery

Consistent with the South China Morning Put up, the bitcoin dealer supposed to fulfill in consumer in Hong Kong with the alleged patrons after a web-based dialog.

To begin with, the unnamed sufferer was once paid the HKD three million in money as agreed whilst within the robbers’ automobile, as he up to now transferred 15 BTC to the patrons, out of doors a resort in North Level, Hong Kong. In line with information, 15 BTC is value $519,969 as of press time.

Alternatively, following the transaction, the robbers kicked the sufferer out of the auto on a hillside whilst counting the cash, sparking a national seek. In line with the police, such an incident took place after the robbers traveled for greater than 6km and stopped on Tai Tam Highway in Chai Wan.

Later on, 3 males seemed at the scene, kicked out the sufferer, robbed the money and two cellphones.

Hong Kong police said that the alleged robbers are having a look a complete for “six suspects of non-Chinese language ethnicity, elderly round 30,” together with the driving force, who’re perhaps concerned within the incident.

Reactions From the Crypto Neighborhood

Police assets advised the South China Morning Put up that the theft didn’t contain any guns, nor struggles that left other folks injured.

As of press time, the Jap district crime squad of Hong Kong is accountable for the investigation, as no arrests had been made.

Reacting to the inside track, Jameson Lopp, CTO of Casa and previous device engineer at Bitgo, issued a brief, however straight-to-the-point advice:

Don’t have interaction in six determine head to head bitcoin trades with out an armed escort, people.

Some other folks commented on Lopp’s Twitter thread that in-person bitcoin-related transactions are reasonably commonplace in some international locations, similar to Japan, even involving “massive money trades.”

Do you consider in-person crypto-related transactions? Tell us within the feedback segment under.

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