Bitcoin (BTC) holders aren’t the only ones at risk of kidnapping – stablecoin proponents also fall victim to opportunistic attackers hoping to acquire these coins.

The most recent is the attack on the Tether trader with tokens valued at $ 3.1 million.

Attack on Tether traders with tokens valued at $ 3.1 million

Criminals continue to target over-the-counter (OTC) traders who trade in person, according to Hong Kong-based media company Ta Kung Pao – the most recent attack involving a cryptocurrency trader with large amounts of tether (USDT) came after an attack on Sept. People were arrested.

Police said they had followed up “at least seven or eight” other suspects in connection with the alleged crime.

In what the media described as a “shocking” case, which is somewhat reminiscent of a recent incident in Spain, an unnamed “full-time” crypto trader (39 years old) hit with tokens valued at around $ 3.1 million in wallets on exchanges someone who clearly pretends to be a real crypto buyer in order to later sell USDT USD worth 0.5 million.

The dealer met the “buyer” in an industrial building unit in Hong Kong’s Kowloon Bay, where the victims are said to have been ambushed and taken to a separate residential area, where they had to hand in cell phones, online bank account logins and crypto-exchange passwords.

The attackers apparently used force, repeatedly punched and kicked the victim and caused pain and injuries with “hammers and other tools” – and left the dealer with “several broken bones at the table”, hands and feet and seriously injured. “

The alleged kidnappers attempted to contact the victim’s family and extorted a ransom of around $ 4.7 million for the trader’s release. According to police, the family refused to pay and on November 12, the trader escaped by ducking through a narrow skylight.

Police found the dealer shortly after and stormed into the house where the victim was being held, arresting two suspects on the spot.

Officials said the suspects (six men and one woman) all had “gang-related backgrounds” and were severely unemployed or worked in the Bowl food service, transportation and umbrella industries.

Police arrested the group on charges of kidnapping and attempted kidnapping, alleging that the victim suffered “non-life-threatening injuries”.

However, the story cannot have a happy ending: when traders try to access their exchange account, they find that it has been locked and the password has been changed. The media company may have closed “every $ 3.1 million” [giá trị tiền xu] in the wallet “has been” transferred “.

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According to Cointelegraph

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