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Receive all Trade bitcoin for usd news in Telegram! The rise of cryptocurrency has brought many opportunities for investment, but such wealth potential has also attracted criminals. The Singaporean police force has recently announced a robbery case involving a Bitcoin transaction. Pang Joon Hau, a Malaysian man, traveled to Singapore on April 8th in search of Bitcoin sellers.

Once it was ascertained that Pang was carrying hundreds of thousands of dollars worth of cash without any sort of security protection, the criminals then assaulted Pang and his broker. 278,000 USD Pang had brought with him. Pang Joon Hau quickly filed a report after the robbery, which allowed the police to glean more information about the suspected criminals. Singaporean police announced last Thursday that they had captured the two criminals. Singaporean district, Sentosa, and was charged with robbery by the police. 60,000 USD on a luxurious shopping spree, with some reporting that he spent some of the money on luxury watches.

Due to the Bitcoin robbery involving an intent to hurt, he could be put in jail for a minimum of 5 years, a lengthy sentence to say the least. 10,000 Singaporean dollar share of the stolen amount as he attempted to evade capture by police forces. Could the Buyer Also Be in the Wrong? Commander of Central Police Division Assistant Commissioner, mentioned that it was not normal for such transactions to be arranged that featured a large amount of physical cash to be exchanged for Bitcoin.

The police are currently investigating the source of the funds carried by Pang. It is gratifying to see that the criminals were apprehended. The Police will not condone anyone committing such serious offenses and profiting from the proceeds of the crime. We will spare no efforts in pursuing such criminals and deal with them in accordance with the law. As always, one should always exercise extreme caution when buying bitcoins in person. The possibility of being robbed is always there, so it’s best to remain cautious and stay vigilant. Why do you think about this Bitcoin robbery?

Would you carry such a large sum of money to a meeting with people you do not know? Please let us know in the comments below. US cryptocurrency exchange Bitfinex has recovered after a two-phase outage saw hackers launch a DDoS attack on its website. Back To Normal Operations’ Updates on the exchange’s dedicated incident log confirmed the attack lasted approximately two hours, beginning around 13:00 UTC. Japanese internet giant GMO has announced pre-orders for its B2 Bitcoin miner — the world’s first miner equipped with 7nm processing technology. Why Don’t Startups Need to Spend Money for ICO Marketing?