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Hong Kong thieves bag nearly HK$4 million in bogus bitcoin transaction

  • Two employees from money exchange company conned in Tin Hau
  • One suspect caught after brief chase but accomplice escaped with cash

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A man walks past a money exchange shop in the Central district of Hong Kong. Photo: AP
Two staff members from a money exchange company were conned out of HK$3.85 million (US$495,000) in a bogus bitcoin transaction in Hong Kong on Tuesday.
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The men, aged 31 and 33, managed to catch one suspect, a 28-year-old man, after a brief chase in Tin Hau, police said. A second suspect escaped with the money.

The employees, who work in a Tsim Sha Tsui money changer, took the money to buy bitcoin in a shop on King’s Road near the junction with Tsing Fung Street in Tin Hau around 1pm.

According to police, the suspects were inside the shop posing as sellers.

“The money was counted in the shop, before one of the two ‘sellers’ left the shop with the money to carry out some document procedure,” a police source said.

A security worker walks past a money exchange outlet in Hong Kong. Photo: AFP
A security worker walks past a money exchange outlet in Hong Kong. Photo: AFP

After waiting for a while, the two money exchange employees grew suspicious and took the other seller to find his accomplice. The 28-year-old ran when the pair said they were going to call police.

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