A Mainland Businessman Was Illegally Detained and Ransomed in Hong Kong, Losing Over HKD 6 Million Worth of Cryptocurrency and Silver

BlockBeats News, March 8th, according to TVB News, a 25-year-old mainland Chinese businessman reported that he was illegally confined and extorted by 4 mainland Chinese men in a hotel in Hung Hom, Hong Kong. The perpetrators assaulted the victim and forced him to provide his cryptocurrency password, then transferred approximately $680,000 worth of cryptocurrency. The suspects later went to the victim’s company and took about 42 kilograms of silver goods, resulting in a total loss exceeding 6 million Hong Kong dollars. The victim was released in the early morning and reported the incident to the police. He suffered injuries to his face, both arms, and lower legs. The case is currently classified as illegal confinement and extortion, being investigated by the Kowloon City Police District Serious Crime Unit.