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|Legacy
BTCBTC
💲72457.17
+
2.85%
ETHETH
💲2126.50
+
2.69%
SOLSOL
💲90.18
+
3.95%
USDCUSDC
💲0.9998
-
0%
XRPXRP
💲1.43
+
2.88%
DOGEDOGE
💲0.09903
+
4.86%

PANews
PANews|12月 19, 2025 08:50
[Two Hong Kong youths sentenced to detention center over 2 million USDT scam] According to Ming Pao, in November last year, a man was defrauded of HK$2 million in cash while trading Tether (USDT) at a currency exchange shop in Tsim Sha Tsui. Two 18-year-old youths attempted to transfer the cash using a passage inside the shop's safe but failed to escape and were eventually arrested. The two admitted to charges of fraud and were sentenced to a detention center today (December 19) by the Hong Kong District Court. The judge noted that while the two defendants were not the masterminds, they played key roles in the scam. Considering their age and potential for rehabilitation, sentencing them to a detention center would help with reform and benefit society. The case revealed that after the victim handed over the cash to the two defendants, he did not receive the Tether as promised. Upon returning to the shop, he discovered the money had been moved, and the two defendants had unsuccessfully attempted to escape through a passage. The judge emphasized the premeditated nature of the case and the significant amount involved, urging the public to remain vigilant and guard against similar scams.
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Timeline

1月 17, 05:18Chinese-Cambodian telecom fraud leader Huang Jimao arrested
1月 14, 16:15In 2025, crypto scams generated $17 billion in profits
1月 07, 17:33The leader suspected of a crypto scam has been arrested and extradited to China.
1月 07, 12:36Prince Group founder Chen Zhi arrested and sent to China
12月 30, 19:01Bitcoin and Cryptocurrency ATM Annual Review
12月 19, 08:59Hong Kong court rules on USDT fraud case
12月 13, 03:18Luigi was carrying a note with recorded mnemonic phrases when he was arrested.
12月 12, 16:30OKX refuses to follow the old playbook
12月 11, 23:23Do Kwon was sentenced to 15 years in prison
12月 09, 00:44Do Kwon focuses on judicial risks in multiple countries before sentencing

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