According to CryptoPotato, Hong Kong police successfully rescued a 19-year-old victim last month and arrested three teenagers on suspicion of illegal detention and assault.

According to SCMP, after the victim was lured to a room at the Harbour Grand Kowloon, the suspects demanded that he pay approximately $23,000 (approximately HK$180,000) in cryptocurrency trading profits. The victim was then threatened and beaten with a baseball bat by two suspects. The victim managed to notify a friend, who then notified law enforcement. Police arrested two suspects outside the hotel, while another suspect was detained inside the hotel. The arrested individuals are between the ages of 16 and 19 and face charges including assault, false imprisonment, and extortion.

There has been a significant increase in digital asset-related criminal cases in Hong Kong over the past three years, with reported cases increasing from 1,397 to 3,415, and the amount involved increasing from HK$824 million to HK$4.398 billion, indicating that incidents increased by almost two during this period. twice as much.