Hong Kong police have arrested seven members of the triad suspected of kidnapping and beating the owner of the cryptocurrency in order to obtain a ransom of $ 3.85 million.
Deputy Senior Superintendent Alan Chung of the Kowloon West Regional Police Department said at a press conference on Sunday that law enforcement
arrested five more people are suspected of kidnapping a cryptocurrency trader. The suspects are revealed to be members of the Son Yi On triad.
Criminals on November 6 in Kowloon Bay kidnapped thirty-nine-year-old Ng Chor-to, who came to a meeting with a stranger to sell Tether tokens. As soon as Ng entered the building with the buyer, he was attacked by a group of men and kidnapped.
According to law enforcement officials, the kidnappers beat the victim with hammers and metal chairs, demanding a ransom of HK $ 30 million (about $ 3.85 million). Under torture, the investor revealed the password to his bank accounts and the private key to a cryptocurrency wallet worth over HK $ 20 million ($ 2.56 million).
During the investigation, the police found out the whereabouts of the investor and on Friday carried out an operation to arrest the criminals. At the beginning of the operation, the victim managed to escape through a window in the attic. The police helped him escape and arrested two men at the scene. Ng sustained serious injuries to his arms and legs and was admitted to the hospital.
Two suspects, Benny Li, 25, and Lau Man-ting, 27, were charged with kidnapping. They were denied bail on Monday. Another member of the triad is due to stand trial today.
Recently, the kidnappers “knocked out” the keys to wallets worth tens of millions of euros from the founder of the Spanish social network Tuenti.
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