- Police in Singapore have arrested three males after a teen reported an tried theft of $24,000.
- ZK, 19, wished to alternate money for USDT when he was attacked by two males.
- The Strait Instances reported that police charged 29-year-old Benedict Yee Hong Fai with assault and tried theft.
Singapore police have charged a person with assaulting a 19-year-old throughout a gathering to facilitate face-to-face cryptocurrency exchanges.
In response to The Straits Instancespolice arrested three males in reference to the tried theft of a 19-year-old cryptocurrency dealer.
The younger man, recognized as “ZK”, was attempting to purchase USDT from a vendor he had contacted on Telegram when two males ambushed him and punched him whereas he was ready to satisfy the alleged vendor.
Crypto dealer tried to alternate $24k for USDT
In response to official police accounts, the assault on {the teenager} occurred when a dealer tried to alternate 32,000 Singapore {dollars} ($24,000) for the stablecoin USDT. ZK agreed to an offline peer-to-peer alternate and organized to satisfy Benedict Yee Hong Fai, 29.
Yee allegedly contacted ZK through telegram and provided to switch USDT in alternate for $24,000 in money.
However whereas the unique location for the face-to-face alternate was inside a public mall, Yee modified it on the final minute. The brand new location was a shopping mall car parking zone. Two males – aged 19 and 20 – have been arrested in reference to the punching of ZK and the tried theft.
ZK allegedly escaped along with his cash by fleeing to a shopping mall.
In response to police data, the incident occurred on August 29. The investigation led to the arrest of three suspects between August 30 and September 3.
Yee is accused of masterminding the tried theft and can stay in custody pending a listening to on September 12. The Strait Instances says the opposite two suspects haven’t but been formally charged and are aiding with police investigations.
