On May 7, Hong Kong police force began searching for four individuals who kidnapped a crypto investor in the Tai Lau Leng village on Po Shek Wu Road in the Sheung Shui area. Sources familiar with the matter stated that the incident is connected to a $1.9 million crypto investment dispute involving the victim.
Million Dollar Dispute
According to the South China Morning Post, the suspects stopped a 55-year-old woman as she was getting into a car with her husband and attacked her with a stun gun while she tried to prevent them from taking her. The unidentified woman was taken away in a seven-seater vehicle and released about an hour later in the evening. The victim works as a crypto investor, and her 43-year-old husband owns an information technology firm.
Sources familiar with the matter mentioned that the attack was linked to a $1.9 million crypto investment dispute involving the victim. Police teams arrived at the scene following a report from the victim’s husband. The woman went to the nearest police station for help after being released in Ta Kwu Ling, about 7.3 miles from the scene.
Further investigations revealed that the kidnappers were aged between 30 and 50 and that the woman did not recognize them. The police are treating the incident as unlawful detention and assault, and the couple was sent to the hospital for treatment. So far, no arrests have been made, and this incident was the second kidnapping case the city witnessed within 32 hours.
Hong Kong and Crypto-Centric Incidents
Hong Kong is currently experiencing an increase in crypto crimes, mostly stemming from financial disputes related to crypto asset investments. Last month, the Hong Kong police force rescued a 19-year-old victim of a distressing attack and captured three youths responsible for the illegal detention.
The victim faced threats and attacks over a dispute involving $23,000 in crypto earnings. There are nine suspects related to the case, but only three were arrested at the scene. Police are searching for the remaining six suspects, four men and two women.
