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Hong Kong thieves bag nearly HK$4 million in bogus bitcoin transaction

Two staff members from a money exchange company were conned out of HK$3.85 million (US$495,000) in a bogus

bitcoin  transaction in Hong Kong on Tuesday.

The men, aged 31 and 33, managed to catch one suspect, a 28-year-old man, after a brief chase in Tin Hau, police said. A second suspect escaped with the money.

“The money was counted in the shop, before one of the two ‘sellers’ left the shop with the money to carry out some document procedure,” a police source said.

After waiting for a while, the two money exchange employees grew suspicious and took the other seller to find his accomplice. The 28-year-old ran when the pair said they were going to call police.

The 33-year-old lost his footing and fell, injuring his right arm, during the pursuit, while his younger colleague managed to stop and subdue the suspect in the car park of Park Tower on King’s Road after a brief scuffle.