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Bitcoin Trader Robbed and Pushed Out of Car in Hong Kong

Bitcoin Trader Robbed and Pushed Out of Car in Hong Kong

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.

  • 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 to the men online before agreeing to the meeting in-person 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

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