- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
Earn- More
A man in Hong Kong was robbed while trading in a virtual currency exchange shop. 12 such cases have been reported this year.
BlockBeats news, on September 26, according to the Hong Kong Economic Times, the Hong Kong police reported a major theft case that occurred in a virtual currency exchange shop in Sham Shui Po District. A 43-year-old man was robbed while trading HK$4 million in cash, and the police have arrested two men involved in the case.
On the afternoon of September 25, the victim brought HK$4 million in cash to a virtual currency exchange in a shopping mall on Cheung Sha Wan Road in Sham Shui Po to buy cryptocurrency. After handing the cash to the female clerk, the victim noticed something unusual and tried to leave, but found that he was locked in the store, so he called the police.
After investigation, the police arrested two men holding Hong Kong identity cards on the 25th and 26th on charges of "conspiracy to steal". They are suspected of conspiring with the female clerk and many others to open a virtual currency exchange shop to steal customers' cash transaction funds. The 23-year-old suspect has been provisionally charged with one count of "conspiracy to steal" and was brought to court at the West Kowloon Magistrates' Courts on the morning of the 26th; the 30-year-old suspect is still under investigation.
The police revealed that the exchange shop involved had been open for about a month and a half, and the victim had previously made two successful transactions of approximately HK$400,000 and HK$800,000 in early September. This may be a trap set by the scammers to gain trust and induce the victim to increase his investment to HK$4 million. It is worth noting that 12 similar cases have been reported in the West Kowloon area in the first nine months of this year, with a total amount of HK$10.8 million involved. In these cases, the victims were either stolen or robbed during cash transactions, or did not receive the corresponding funds after transferring out cryptocurrencies.
You may also like
Why DePIN Is the Next Big Revolution in 2026-2028
Key Takeaways DePINs have emerged as a vital solution to the infrastructural demands of AI, moving from theoretical…
Massive US Storm Forces Bitcoin Miners Offline – What Does That Mean for Bitcoin Holders?
Key Takeaways A severe Arctic storm in the U.S. has significantly impacted Bitcoin mining operations, resulting in substantial…
7 Best Crypto Lightning Network Wallets in 2026: Evaluated & Ranked
Key Takeaways Lightning Network wallets enable fast and cost-effective Bitcoin transactions by using off-chain channels. A variety of…
Solana Price Prediction: Institutions Just Chose SOL Over BTC, ETH, and XRP – Is This the Beginning of a Massive Flippening?
Key Takeaways Institutional investors are increasingly favoring Solana over traditional giants like Bitcoin (BTC), Ethereum (ETH), and XRP.…
Penguin Meme Coin Surged 18,000% After Viral White House Post
Key Takeaways: The Penguin meme coin, known by its ticker PENGUIN, experienced a massive surge in market capitalization…
XRP Price Prediction: XRP Ledger Blasts Past $2 Billion in Tokenized Assets – Why This Could Catapult XRP Parabolic
Key Takeaways XRP Ledger’s (XRPL) tokenized assets have surged past $2 billion, cementing its position in both traditional…
Dogecoin Price Forecast: Impending Developments Could Determine DOGE’s Future
Key Takeaways Dogecoin price momentum has stalled, placing it at a critical juncture between recovery and further losses.…
Shiba Inu Price Prediction: Over 250 Billion SHIB Withdrawn – Are We Hours Away From a Surprise Rally?
Key Takeaways Significant SHIB withdrawals signal potential bullish trends, with over 250 billion tokens moved from exchanges to…
Elon’s Grok AI Predicts the Price of XRP, Solana, and PEPE by the End of 2026
Key Takeaways Grok AI, a project rivaling ChatGPT, provides optimistic forecasts for the future prices of XRP, Solana,…
Pump.fun ($PUMP) Price Prediction 2026, 2027 – 2030
Pump.fun has launched its $PUMP token in a much-anticipated ICO, quickly reaching a $2 billion market cap. The…
Is SOL Prepared for a New All-Time High? Solana Captures Nearly Half of Blockchain Activity in Current Bull Run
Key Takeaways: Solana has become a dominant force in the blockchain space, handling nearly half of all blockchain…
XRP (XRP) Price Prediction 2026, 2027 – 2030
Key Takeaways XRP’s price is predicted to fluctuate between $2.05 and $2.32 in 2026, potentially reaching between $3.23…
XRP Price Prediction: How the October 18-25 SEC Deadlines Could Induce a Breakout
Key Takeaways: The approaching October 18-25 SEC deadlines for spot XRP ETF applications could significantly impact XRP’s market…
Best Crypto to Buy Now January 23 – XRP, Dogecoin, PEPE
Key Takeaways Regulatory Shifts: U.S. crypto regulation is becoming inevitable, affecting investment outlooks, especially for altcoins. XRP Developments:…
Ethereum Price Prediction: Ethereum Developers Prepare for Quantum Computers – Major Update on the Horizon?
Key Takeaways The Ethereum Foundation has initiated a post-quantum security team to counteract threats posed by future quantum…
XRP Price Prediction: Institutional On-Ramp Commences in October – Can XRP Rise as Wall Street’s Next Favorite?
Key Takeaways Institutional interest in XRP derivatives is on the rise, suggesting a promising future for the cryptocurrency.…
6 Leading Decentralized Prediction Markets Without KYC in 2026
Key Takeaways Decentralized prediction markets enable users to speculate on various real-world events without intermediaries, offering freedom from…
8 Most Expensive Cryptocurrencies by Price in 2026
Key Takeaways Bitcoin remains the most expensive cryptocurrency as of January 2026, valued at $88,877.30 per coin, highlighting…
Why DePIN Is the Next Big Revolution in 2026-2028
Key Takeaways DePINs have emerged as a vital solution to the infrastructural demands of AI, moving from theoretical…
Massive US Storm Forces Bitcoin Miners Offline – What Does That Mean for Bitcoin Holders?
Key Takeaways A severe Arctic storm in the U.S. has significantly impacted Bitcoin mining operations, resulting in substantial…
7 Best Crypto Lightning Network Wallets in 2026: Evaluated & Ranked
Key Takeaways Lightning Network wallets enable fast and cost-effective Bitcoin transactions by using off-chain channels. A variety of…
Solana Price Prediction: Institutions Just Chose SOL Over BTC, ETH, and XRP – Is This the Beginning of a Massive Flippening?
Key Takeaways Institutional investors are increasingly favoring Solana over traditional giants like Bitcoin (BTC), Ethereum (ETH), and XRP.…
Penguin Meme Coin Surged 18,000% After Viral White House Post
Key Takeaways: The Penguin meme coin, known by its ticker PENGUIN, experienced a massive surge in market capitalization…
XRP Price Prediction: XRP Ledger Blasts Past $2 Billion in Tokenized Assets – Why This Could Catapult XRP Parabolic
Key Takeaways XRP Ledger’s (XRPL) tokenized assets have surged past $2 billion, cementing its position in both traditional…
App