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Receive all Bitcoinist news in Telegram! The arrest comes less than 48 hours after the police received a report of the robbery incident. The 10-man gang was led by a GCC national and other members are of Asian origins. The alleged thieves convinced the brothers that they had bitcoin to sell and set up a meeting. In the interim, the gang reportedly tricked a shop owner into obtaining his shop on the pretext of inspecting it in lieu of purchase. As it turns out, the shop owner was looking to sell the shop. Having obtained the shop for the evening, the gang laid an ambush for the brothers.
Some members of the gang were in the shop while the others stood sentry outside. As soon as the brothers entered the shop, they were waylaid by the gang members. They managed to subdue the brothers and steal the money before subsequently fleeing the scene. Major General Abdullah also sounded a note of warning to prospective bitcoin buyers. He urged them to patronize official channels when buying cryptocurrency to avoid falling prey to robbers. The money has since been returned to the brothers.
Cryptocurrency related theft isn’t only limited to the cyberspace. Being valuable assets, people have been targeted by robbers on account of their crypto holdings. In February 2018, news broke out of a robbery that resulted in the theft of 18 bitcoins in Taiwan. What are your thoughts on bitcoin robberies? Do you think they are as serious as cyber-based cryptocurrency hacks? Please share your views in the comment section below. Binance: Who Will Invest More in Blockchain Start-ups?
EOS tokens are currently distributed among just 10 wallets, according to a report from Trustnodes. Understanding the critical importance of proper networking, SimpleFX unveiled its new affiliation software. Partnering up with Unilink, the platform is to provide reliable, trackable, and entirely transparent solutions in an attempt to make its affiliates’ work a lot easier. SimpleFX is an award-winning cryptocurrency and forex broker with a high-end mobile trading app, making it easier for both experienced and beginner traders to participate in the market. Receive all Bitcoinist news in Telegram! The rise of cryptocurrency has brought many opportunities for investment, but such wealth potential has also attracted criminals. The Singaporean police force has recently announced a robbery case involving a Bitcoin transaction.
Pang Joon Hau, a Malaysian man, traveled to Singapore on April 8th in search of Bitcoin sellers. Once it was ascertained that Pang was carrying hundreds of thousands of dollars worth of cash without any sort of security protection, the criminals then assaulted Pang and his broker. 278,000 USD Pang had brought with him. Pang Joon Hau quickly filed a report after the robbery, which allowed the police to glean more information about the suspected criminals. Singaporean police announced last Thursday that they had captured the two criminals.
Singaporean district, Sentosa, and was charged with robbery by the police. 60,000 USD on a luxurious shopping spree, with some reporting that he spent some of the money on luxury watches. Due to the Bitcoin robbery involving an intent to hurt, he could be put in jail for a minimum of 5 years, a lengthy sentence to say the least. 10,000 Singaporean dollar share of the stolen amount as he attempted to evade capture by police forces.