Two aver crypto monger in Singapore apparently come up with a fool - proof programme : rather than convert a customer ’s 365,000 Singapore dollars to bitcoin , they would simply rob the victim when he came in to do the trade .
The immediate payment , deserving about $ 267,556 U.S. , changed hands in 2018 when the allege 20 - yr - old Malaysian victim , Pang Joon Hau , occur to Singapore to buy cryptocurrencies .
Why he did this in someone is not clear , but the suspects — Jaromel Gee Ming Li , Mohd Abdul Rahman Mohamad , and Syed Mokhtar Syed Yusope — met him at a hotel and then , according to theStraits Times , allegedly “ assaulted the Malaysian and his factor and made away with the hard cash . ”
Photo: Sean Gallup / Staff (Getty Images)
“ Commander of Central Police Division , Assistant Commissioner Arthur Law , told reporters on Thursday that it is not common for hoi polloi to perform bitcoin transactions in person , and with such large amounts of cash , ” drop a line the Strait ’s Times .
The theft happen in April 2018 and Mokhtar plead hangdog in tribunal on September 9 , 2020 . Singapore officials have n’t yet charged Mokhtar ’s so-called accomplices .
Pang reportedly arrived at Hotel 81 in Singapore with a backpack full of cash . At about 11 pm on April 8 , 2018 , he play with the so - called brokers .
“ Pang showed the money to Mokhtar , and Mokhtar proceeded to punch Pang once on the left buttock . Lee seek to intervene , but Mokhtar punched him , ” say the Deputy Public Prosecutor .
Abdul Rahman then stole the haversack and entrust .
The DPPs said that Mokhtar got a $ 15,000 cut in the schema .
apply the decentralised nature of cryptocurrencies and the$24 million in cryptocurrenciesstolen via the internet in 2020 , it ’s unclear why the aver attacker chose to do it in person . After all , it ’s far easy and loud to simply ask for a bank transfer and then give the trader the runaround when they ask for the crypto , resulting in a delightfully anonymous bit of criminal enterprise .
Mokhtar is presently out on $ 30,000 bond .
Crypto
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