According to ChainCatcher, a 19-year-old Singaporean cryptocurrency trader named “ZK” was attacked and forced to cancel the transaction when he tried to exchange 32,000 Singapore dollars (about 24,000 US dollars) for USDT.

According to Mothership, during the transaction, ZK was ambushed by two men when he met the seller in the parking lot, one of whom hit him in the face. ZK fled into a nearby mall and called the police.

The transaction was originally scheduled to take place in a public place, but the seller changed the venue at the last minute. Police have arrested two suspects, aged 20 and 21, on suspicion of attempted robbery.