A staff member of a cryptocurrency investment company in Hong Kong was arrested for stealing over 20 million HKD worth of USDT from clients

PANews February 24 Report: According to Sing Tao Daily, an investment company in Hong Kong that provides cryptocurrency settlement services has about 20 clients reporting the loss of 2.67 million USDT, totaling approximately HKD 20.87 million. After police investigation, a 34-year-old network engineer named Cai was arrested yesterday. He is suspected of using his position to access the company’s database without authorization, to check client account information and is suspected of stealing crypto assets. The case is now handled by the Ninth Unit of the Criminal Investigation Team of Yau Tsim Police District in Hong Kong, and several officers have visited the company to collect evidence.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Hong Kong Cryptocurrency Investment Company Now Has an Insider! 34-Year-Old Engineer Steals 2.67 Million USDT

An investment company in Tsim Sha Tsui, Hong Kong, that provides cryptocurrency settlement services, has approximately 20 clients who have reported their USDT accounts being hacked starting from January 2026. The total loss amounts to 2.67 million USDT, equivalent to about 20.87 million HKD. After an investigation, the police arrested 34-year-old network engineer Cai on February 23 on suspicion of theft. He is suspected of unauthorized access to the company's database and viewing customer account information.

MarketWhisper25m ago

Suspected of cryptocurrency fraud involving 900 million RMB, Chinese wanted criminal arrested in a luxury house in Thailand

The Third Branch of the Thai Immigration Bureau recently arrested a Chinese man (alias Mr. Duan) in a luxury residential area in Bang Phli, Samut Prakan Province. He is suspected of leading the BHE Exchange cryptocurrency platform scam, which affected over 20,000 victims and resulted in estimated losses of more than $128 million (approximately 900 million RMB). The suspect fled China in 2024 and has been hiding in Thailand. Chinese authorities have issued an arrest warrant for him on charges of fraud.

MarketWhisper1h ago

Caixin: The UK recovery of 60,000 Bitcoin money laundering case will end registration on May 22

The High Court of the United Kingdom held a hearing on Bitcoin money laundering cases from February 16 to 17. Over 11,300 Chinese victims plan to apply to the court for compensation, with a deadline of May 22. Under the Proceeds of Crime Act, victims can apply to establish their connection to the assets involved.

GateNewsBot3h ago

BHE Exchange 900 million RMB fraud suspect fled for 2 years and was arrested in Thailand

A Chinese man was arrested in Thailand for allegedly being involved in a scam related to the BHE Exchange cryptocurrency trading platform, affecting approximately 20,000 victims with losses exceeding $128 million. The man promised high returns, then the platform shut down. He has now been handed over to the investigation authorities and is awaiting deportation back to China for trial.

GateNewsBot3h ago

Gate Daily (February 24): Jane Street sued by Terraform liquidator; Ethereum forms a new team to promote DeFipunk

Bitcoin (BTC) continues its decline from the beginning of the week, currently around $63,500 as of February 24. The Ethereum Foundation has established a DeFi team to promote the development of the "DeFipunk" protocol. Jane Street was sued by Terraform Liquidation Party, accused of using insider trading to accelerate the crash.

MarketWhisper4h ago

Australia charges suspect with $5 million AUD crypto scam

Australian police have charged a 42-year-old man in connection with a crypto investment scam, defrauding over 190 vulnerable seniors of AUD 5 million. The suspect will appear in court on March 17, with another 36-year-old also under investigation.

TapChiBitcoin5h ago
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)