A 37-year old man in Hong Kong allegedly sought to sell bitcoin for cash but ended up being swindled during an in-person transaction in a vehicle and kicked out.
The victim had originally scheduled to meet two individuals to trade 15 bitcoin at HK$235,000 each ($30,000), or HK$3 million in total, outside of a hotel in Hong Kong, according to a report citing police sources.
The vehicle proceeded to move to another location while the bitcoin transfer was being made. Upon completion, another car showed up and three more individuals related to the original two fraudulent buyers robbed the victim’s cash, two mobile phones, and kicked him out.
Local police claim that the six robbers were non-Chinese men aged around 30 and have yet to be captured.