Four More Charged Over Kidnap Of Crypto Investor

"); jQuery("#212 h3").html("

"); });
2021-11-18 HKT 10:24
Police on Thursday said four more people had been charged in connection with the kidnapping of a man allegedly caught up in a cryptocurrency transaction scam.
Officers said the four men, aged between 25 and 40, will appear at Kowloon City court charged with conspiracy to kidnap the 39-year-old victim.
Thirteen people have so far been arrested over the alleged kidnap, and three others were charged earlier with the same offence.
The victim was allegedly attacked and kidnapped when he showed up in Kowloon Bay on November 6 to meet a buyer for his digital currency, Tether.
The kidnappers had allegedly asked his family members to pay a HK$30 million ransom.
South Korea Unveils Digital Asset Basic Act For Stablecoin Issuance
South Korea’s newly elected President Lee Jae-myung is pushing forward with plans to allow stablecoin issuance by loc... Read more
Octopus Taps Wonder As Its Omnichannel Payment Partner Across Hong Kong
Wonder, a payment and fintech platform, has announced its partnership as the purported first omnichannel payment facili... Read more
China And UAE Ink Deal To Boost Cross-Border Payment Cooperation
China’s Cross-Border Interbank Payment System (CIPS) and the Central Bank of the United Arab Emirates (CBUAE) have si... Read more
Hong Kong Approves Banking Amendment To Boost Data Sharing In 2025
The Government welcomed the Legislative Council’s June 4 passage of the Banking (Amendment) Bill 2025, aimed at impro... Read more
Citigroup Lays Off 3,500 In China As Part Of Global Overhaul
Citigroup is cutting 3,500 tech jobs in mainland China to streamline operations and cut costs. The Citigroup China layo... Read more
Hong Kong Expands Crypto Market With Derivative Trading For Investors
Hong Kong’s Securities and Futures Commission (SFC) will soon introduce virtual asset derivatives trading for profess... Read more