- Police in Singapore arrested three males after a teen reported an tried theft of $24,000.
- 19-year-old ZK was making an attempt to transform money into USDT when he was attacked by two males.
- Police have charged Benedict Yee Hong Fai, 29, with assault and tried theft, the Straits Instances reported.
Singapore police have charged a person with assaulting a 19-year-old throughout a gathering organised to facilitate a face-to-face crypto alternate for money.
in keeping with The Straits TimesPolice arrested three individuals in reference to the tried theft of a 19-year-old crypto dealer.
{The teenager} has been recognized as ‘ZK’, who Buy USDT He instructed a vendor he contacted on Telegram that whereas he was ready to satisfy the alleged vendor, two males ambushed him and punched him.
Crypto dealer tries to alternate $24k for USDT
In response to official police accounts, the teenager was attacked when the dealer tried to alternate 32,000 Singapore {dollars} ($24,000) for the USDT stablecoin. ZK agreed to an offline peer-to-peer alternate, agreeing to satisfy with 29-year-old Benedict Yee Hong Fai.
Yi allegedly contacted ZK through Telegram and provided to switch USDT in alternate for $24,000 in money.
However whereas the unique location for the face-to-face dialog was inside a public shopping center, Yee modified it on the final minute. The brand new location was a car parking zone close to the mall. Two males, aged 19 and 20, had been arrested in reference to punching ZK and making an attempt to rob him.
Reportedly, ZK fled to the shopping center together with his cash.
In response to police data, the incident occurred on August 29. Following an investigation, three suspects had been arrested between August 30 and September 3.
Yee is accused of masterminding the tried theft and can stay in custody till his case is heard on Sept 12. The Straits Instances says the opposite two suspects haven’t but been formally charged and are aiding police investigations.
