$125,000 Stolen From Crypto Exchange in Hong Kong, Two Men Caught

Hong Kong Police arrested two men in connection with a theft at a digital currency exchange shop in the Sham Shui Po district. The Sham Shui Po Police District Crime Unit apprehended the two men for stealing NT$4 million ($125,000) from the shop on Monday afternoon.

Senior Inspector Leung Wai-hin of the Sham Shui Po Police District Crime Unit said that a 43-year-old man brought around $125,000 in cash to a crypto exchange shop on Cheung Sha Wan Road in Sham Shui Po on Monday afternoon. The man gave the cash to a woman at the counter.

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Senior Inspector Leung Wai-hin of the Sham Shui Po Police District Crime Unit confirmed that a 43-year-old man brought around $125,000 in cash to a crypto exchange shop in a shopping mall on Cheung Sha Wan Road in Sham Shui Po on Monday afternoon. The man then proceeded to hand over the cash to a woman on the counter.

The woman went into a room in the store, making the victim suspicious. He tried to leave the store but found it locked. He contacted the authorities, which led to the arrest of two men with Hong Kong ID cards, aged 23 and 30, on charges of “conspiracy to steal.”

Suspects Allegedly Involved in Elaborate Scheme

According to the Senior Inspector, the two men allegedly planned to open a virtual currency exchange shop with female shop assistants and others, aiming to steal customers’ cash during transactions. The 23-year-old appeared in West Kowloon Magistrates’ Courts, while the 30-year-old remains in custody for questioning.

The police are searching for the stolen money and any other people involved in the operation. The authorities confirmed that the store had only been open for around one and a half months.

A report indicates that the victim completed two other transactions in September. These were successful, leading the victim to make another transaction of a much larger amount – a tactic often used by scammers to gain trust.

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