Physical Exchange Results in Bitcoin Robbery in Hong Kong
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A 37-year old man in Hong Kong allegedly sought to sell bitcoin for cash but ended up being swindled during an in-person transaction in a vehicle and kicked out.
The victim had originally scheduled to meet two individuals to trade 15 bitcoin at HK$235,000 each ($30,000), or HK$3 million in total, outside of a hotel in Hong Kong, according to a report citing police sources.
The vehicle proceeded to move to another location while the bitcoin transfer was being made. Upon completion, another car showed up and three more individuals related to the original two fraudulent buyers robbed the victim’s cash, two mobile phones, and kicked him out.
Local police claim that the six robbers were non-Chinese men aged around 30 and have yet to be captured.
Questions & Answers
Q.What was the total value of the bitcoin the victim intended to sell?
What was the total value of the bitcoin the victim intended to sell?
The victim planned to sell 15 bitcoin, each valued at HK$235,000. This amounted to a total transaction value of HK$3 million, according to the report.
Q.What items were stolen from the victim during the robbery?
What items were stolen from the victim during the robbery?
The robbers stole the victim's cash, which was presumably the payment for the bitcoin. They also took two mobile phones before the victim was kicked out of the vehicle.
Q.Where was the initial meeting for the bitcoin exchange supposed to take place?
Where was the initial meeting for the bitcoin exchange supposed to take place?
The victim had arranged to meet the two individuals outside a hotel in Hong Kong. However, the transaction later proceeded in a vehicle that moved to another location.
Q.Has anyone been arrested in connection with this robbery?
Has anyone been arrested in connection with this robbery?
No, the six individuals involved in the robbery have not yet been captured. Local police sources describe them as non-Chinese men, all aged around 30.
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