Secret

when

Coin

<ul class="news-points">
 <li>Hong Kong authorities are gaining experience in handling crypto-related crimes.</li>
 <li>Authorities thwarted an attempt to kidnap a boy from a plaza in Hong Kong.</li>
 <li>Stablecoins can be frozen in one day, unlike traditional banks, which take longer.</li>
</ul>
Hong Kong authorities are <a href="https://www.scmp.com/news/hong-kong/law-and-crime/article/3270368/hong-kong-authorities-gaining-experience-disrupting-illicit-crypto-activities-experts" target="_blank" rel="noopener noreferrer nofollow">reportedly</a> gaining experience in handling crimes involving cryptocurrencies. According to a recent report, authorities in Hong Kong thwarted a kidnapping attempt where the kidnappers demanded a 660,000 USDT ransom after kidnapping a boy from the Tseung Kwan O Plaza shopping center.
Commenting on the recent event, renowned crypto investor Louis Li Sze-Chung, an adviser to local tech start-up association 852Web3, noted that <a href="https://coinedition.com/tag/stablecoin/" rel="noopener noreferrer nofollow">USDT stablecoin</a> is traceable. Li explained that companies issuing USDT convert U.S. dollars of equal amounts, storing them in custody as pegs throughout the stablecoin’s existence.
Meanwhile, Li noted that in the event of a crime, the authorities could ask a stablecoin issuing company to freeze or destroy coins held in wallets. Such cases are similar to a case from last November when the U.S. Secret Service spotted a human trafficking syndicate running pig-butchering farms link…
The post <a href="https://coinedition.com/hong-kong-authorities-nab-kidnappers-demanding-ransom-in-crypto/" rel="noopener noreferrer nofollow">Hong Kong Authorities Nab Kidnappers Demanding Ransom in Crypto</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Hong Kong Authorities Nab Kidnappers Demanding Ransom in Crypto

Coin Edition

Andere artikelen gepubliceerd op 14 jul 2024

Are DAOs Companies and How Do They Work?

Mafia Tate Memecoin Set to Skyrocket Over 14,000% Before KuCoin Listing, As SHIB and DOGE Struggle

Oil King Pepe (OILPEPE) Hits $20 Million, Prepares to Jump Another 19,000% Before KuCoin Listing,...

The Next Crypto Giant: Bearish Bear $GROWL Presale!

Dutch Court Denies Tornado Cash Developer’s Request For Bail

Polkadot on the brink of a rally? Price chart suggests 84% upswing!

Meld je aan voor onze gratis nieuwsbrief voor dagelijkse crypto-updates!