- A crypto investor in Vietnam recruited a gang to kidnap and rob another individual.
- The investor claimed the individual had tricked him out of his Bitcoin investment.
- Two local police officers involved in the crime confessed during the trial.
Early today, a Vietnamese court heard the shocking details of a planned crypto heist involving a 16-member gang, including two local police officers. It was the trial of Ho Ngoc Tai, a crypto investor who resolved to underhand means to recover his loss of 100 billion Vietnamese dongs (VND) in Bitcoin.
According to a local report, Tai invested in crypto in 2018 on the advice of an acquaintance, Le Duc Nguyen. However, after selling 1,000 Bitcoin (BTC) for VND 100 billion, worth $4.3 million, to invest in shitcoins and losing all, he suspected that Nguyen had tricked him.
To recover the lost money, Tai recruited a criminal gang to kidnap Nguyen alongside his family and forced him to give up the password to his e-wallet. The group then transferred cryptocurrencies from Nguyen’s e-wallet to Tai’s.
After robbing the virtual money equivalent to 35 billion VND, Tai and his accomplices took Nguyen and his family to Thu Duc City and sold the stolen fund for 18.88 billion VND, leaving 80 Bitcoin in Tai’s e-wallets.
According to the report, the two police officers confessed their involvement in the crime. However, some defendants denied the crime, stating they were unaware that Tai was robbing Nguyen’s property, and they claimed Tai was only collecting a debt from him.
In other news, a crypto portfolio manager of a Dubai-based firm was recently kidnapped by his colleagues and held for ransom while on vacation in Spain. According to the report, the kidnappers tied up the victim and demanded €1 million for his release. In a coordinated operation involving 50 police officers, the kidnappers were apprehended, and the victim was safely rescued.
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