Hong Kong police say alleged scammers swapped 11K fake notes for USDT
Hong Kong police arrested three individuals accused of stealing HK$3.11 million (~$400,000) worth of Tether using fake banknotes.
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Hong Kong police arrested three individuals accused of stealing HK$3.11 million (~$400,000) worth of Tether using fake banknotes.
Read more (2 min) →The father-son duo reportedly owned the car linked to the kidnapping of a crypto investor whom the father invested crypto with.
The rate of crypto crime in Hong Kong has reportedly tripled over the past three years, with documented cases in 2023 involving $611 million.
The man is one of four recent arrests in connection to JPEX, the Dubai-based crypto firm that has seen losses of up to $191 million.
The Hong Kong-based architect made 65 transactions on a fake crypto website that showed inflated and manipulated Tether prices.