A 37-year-old man who asked not to be named was the victim of a gang of robbers who stole 15 Bitcoins (BTC) worth 3 million Hong Kong dollars ($387,000). They agreed to meet in person for cryptocurrency exchange transactions.

Six non-Chinese suspects involved in theft

According to a report in the South China Morning Post, bitcoin traders intend to meet the suspected buyers in person in Hong Kong after an online conversation.

Initially, the unnamed victim was paid HK$3 million in cash on the robber’s car as agreed, because he had previously transferred 15 bitcoins to a buyer outside a hotel in North Point, Hong Kong. According to markets.Bitcoin.com data, as of press time, the value of 15 BTC is US$519,969.

However, after the transaction, the robbers kicked the victim out of the car from the hillside and counted the money, triggering a nationwide search. According to the police, the incident occurred after the robbers traveled more than 6 kilometers and stopped on Tai Tam Road in Chai Wan.

Later, three men appeared at the scene, kicked out the victim, and stole the victim’s cash and two mobile phones.

Hong Kong police said they are looking for “six non-Chinese suspects aged around 30,” including drivers who may be related to the incident.

The crypto community’s reaction

A police source told the South China Morning Post that the robbery did not have any weapons, nor did it cause any injuries.

As of press time, the Hong Kong Eastern District Police District is responsible for the investigation.

In response to this news, Jameson Lopp, CTO of Casa and former software engineer of Bitgo issued Short but straightforward suggestions:

Guys, don’t engage in six-figure bitcoin face-to-face transactions without armed escort.

some people Commented On Lopp’s Twitter thread, in-person transactions related to Bitcoin are very common in some countries (such as Japan) and even involve “large cash transactions”.

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Do you trust personal transactions related to encryption? Let us know in the comments section below.

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