A staff member of a cryptocurrency investment company in Hong Kong was arrested for stealing over 20 million HKD worth of USDT from clients

PANews February 24 Report: According to Sing Tao Daily, an investment company in Hong Kong that provides cryptocurrency settlement services has about 20 clients reporting the loss of 2.67 million USDT, totaling approximately HKD 20.87 million. After police investigation, a 34-year-old network engineer named Cai was arrested yesterday. He is suspected of using his position to access the company’s database without authorization, to check client account information and is suspected of stealing crypto assets. The case is now handled by the Ninth Unit of the Criminal Investigation Team of Yau Tsim Police District in Hong Kong, and several officers have visited the company to collect evidence.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

A forecasting platform removes a missing U.S. Air Force pilot market, triggering controversy over rule transparency and insider trading

A prediction platform was taken down for violating rules after it posted a prediction market about missing American pilots, sparking controversy. The market showed that most users believed the pilots would not be rescued in the short term. Congressman Moulton criticized the transaction as disgusting, questioned the transparency of the rules, and expressed concern about insider trading, calling for stronger regulation.

GateNews2h ago

Judge continues Nevada ban on Kalshi sports markets

A state judge in Nevada extended a temporary ban on prediction market provider Kalshi's sports-related contracts in the Silver State on Friday. Judge Jason Woodbury in the First Judicial District Court told attorneys at a hearing in the Carson City courthouse that he would also grant the Nevada

CoinDesk3h ago

A Gansu Tianshui Court Tries a Virtual Currency Money Laundering Case: The Defendant Who “Ran Errands to Withdraw Cash” Was Sentenced to Two Years and Four Months

A court in Qinzhou District, Tianshui City, Gansu Province, is trying a virtual-currency money-laundering case. The defendant used a part-time “high-paying errands” job to withdraw more than 390k yuan and, with knowledge of what was going on, exchange it for virtual currency, earning a profit of 21.5k yuan. The court sentenced him to two years and four months in prison and fined him. The judge reminded the public to stay alert to related activities in order to prevent them from fueling crime.

GateNews3h ago

The central government launches the "Tianwang 2026" initiative, with multiple departments working together to crack down on underground money remitters moving stolen funds across borders

The Central Coordinating Group for Anti-Corruption recently launched the "Tianwang 2026" campaign, covering four special tasks. The effort aims to pursue fugitives and recover stolen assets, crack down on overseas official-duty crimes, and curb the transfer of stolen funds through offshore companies, while strengthening outbound travel oversight for public officials.

GateNews8h ago

Drift Under Hacked: Initial Investigation Finds Team Members Were Contacted by a North Korean Intermediary at a Meeting

Gate News update. According to a message on the X platform, the initial investigation into the Drift hacker attack indicates that members of the project team had previously been approached in person by North Korean intermediaries at a cryptocurrency industry conference. The investigation also reveals that there was in-person contact between the attacker and the team members.

GateNews9h ago
Comment
0/400
No comments