The Hong Kong police are investigating the second incident involving offline cryptocurrency transactions this year. According to reports, a business woman was the latest victim of a robber who stole her 3.5 million Hong Kong dollars ($451,000) tether (USDT) tokens.

One of the bandits won the trust of women by executing three successful transactions

According to the South China Morning Post, the thief induced the female cryptocurrency trader to go to the office to arrange transactions. Authorities said the incident occurred in the Rich Center on Chong Yip Street, Kwun Tong.

Initially, the robber allegedly gained the trust of the businesswoman by successfully conducting three transactions before the incident. The transaction amount is between HK$600,000 (US$77,400) and HK$700,000 (US$90,300).

During the robbery, the woman agreed to deal with the same man. A police source told the South China Morning Post:

The investigation revealed that she received 3.5 million Hong Kong dollars in cash after using the iPhone to complete an online transaction and sell him USDT tokens.

But after the transaction, three men with knives and sticks jumped out of another room and took the money and the woman’s phone. The robber fled the scene without first locking the female cryptographic trader in the office.

The police are still looking for four robbers

The police said the woman called her husband through a second phone, and then she called the authorities. Investigations revealed that criminals rented out the office on a short-term lease.

No one was arrested and the detectives of the Kwun Tong Criminal Investigation Team were responsible for the case. According to the woman’s uncle, when she drove her to the building, four men fled from the scene in a truck. The business woman was not injured.

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As news.Bitcoin.com reported on January 7, 2021, a 37-year-old man was the victim of a gang of robbers who escaped 15 Bitcoin (BTC) worth 3 million Hong Kong dollars ( 387,000 US dollars) in cash. After the transaction, the robber kicked the victim out of the car from the hillside while counting the money.

What do you think of the second encryption-related robbery in Hong Kong? Let us know in the comments section below.

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