Hong Kong Bitcoin Trader Robbed of $180,000

Hong Kong man was given an offer to buy 5 bitcoin at a 5% discount off the market price
19 January 2018   1089

A citywide police search was under way on Friday for five men after a local bitcoin trader was lured to a bogus business meeting and robbed of HK$1.4 million (US$180,000) on a busy street in Hong Kong. This is reported by South China Morning Post.

The victim is a 34-year-old Hong Kong man surnamed Lee, who was given an offer to buy 5 bitcoin at a 5% discount off the market price, but was instructed that the transaction would be conducted in cash, the source said.

Two men met Lee in the coffee shop, but the transaction was not completed. The victim was told that the pair wanted to trade more bitcoin, and another meeting was arranged at a McDonald’s outlet in North Point at 9.30pm the same day.

Lee took a bag containing HK$1.4 million to the fast food outlet on King’s Road, North Point at 9.40pm but failed to find the two “sellers”. At about 10pm, he received a phone call from one of the men, who claimed they got lost and instructed Lee to meet them outside the State Theatre Building on King’s Road – about 100 metres away – instead.

Soon after the victim left the outlet, he was attacked from behind by three masked menю One of them pushed him to the floor, and the others snatched his bag containing the cash and a mobile phone, source said. Police said no weapon was used in the incident.

According to police, officers scouted the area, but no arrests were made. The victim suffered minor hand and leg injuries.

US Authorities to Sell $4.3M Worth Seized BTC

As reported, the Bitcoins were seized during different federal investigations
18 October 2018   90

The US Federal Penitentiary and Marshals Service has announced an auction, during which 660 Bitcoins will be sold, previously confiscated by law enforcement agencies. The current market value of the coins put up for sale is about $ 4.3 million, CoinDesk reports.

Bitcoins offered for sale were seized during federal criminal, civil and administrative investigations.

The auction will be held on November 5, and to participate in it, you must register no later than October 31 and make a deposit of $ 200,000.

The trades will be divided into two parts and include the sale of six blocks of 100 BTC and one more block of 60 BTC. Auction participants will not be able to view other people's rates or change their own.

The Office clarified that part of the assets put up for auction includes Bitcoins, which were seized during the recent investigations into the cases of the traders Teresa Tetley and Thomas Mario Costanzo. Teresa Tetley was sentenced in July to a year in prison on charges of trading in cryptocurrency without the necessary license and laundering money obtained from drug trafficking.

The Marshals do not report which part of the bitcoins seized from Tetley and Costanzo is put up for auction, however, it was previously known that 40 BTC were withdrawn from the first, and 80 BTC from the second.

Two previous major auctions for the sale of confiscated bitcoins were held in the United States in January and March of this year. In the first case, 3813 BTC was sold, in the second - 2170 BTC.