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Cautionary tale: Robbers target HK crypto trader
A robbery in Hong Kong puts the dangers of informal crypto trading into sharp focus. Knife-wielding crooks took HK$3.5 million (US$448,700) in cash from a female cryptocurrency after luring her to an office to conduct a deal on Monday afternoon. The robbery, the second of its kind in two weeks, was perpetrated at the Ricky Centre on Chong Yip Street in Kwun Tong around 2.30pm, after the woman met a man posing as a buyer, the South China Post reports. She had recently sold the man digital currency in three transactions, each involving HK$600,000 to HK$700,000, said police. “Investigations showed she was paid HK$3.5 ... (full story)
