Vietnamese court docket sentences two individuals to life in jail for violent cryptocurrency theft Star reported on Might 16
Ho Ngoc Tai and Tran Ngoc Hoang had been discovered responsible of stealing $37 billion value of cryptocurrency. Vietnamese Dong ($1.5 million).
One other fourteen individuals had been sentenced to jail phrases starting from 9 to 19 years. Two of these people had been former law enforcement officials, the report stated.
The crime stemmed from an incident in 2018 when Tai adopted the recommendation of sufferer Le Duc Nguyen. It bought Bitcoin after Nguyen urged investing in different cryptocurrencies; Tai then misplaced cash on these investments.
Believing he had been duped, Tai labored with 15 others to steal cryptocurrency from Nguyen, accompanied by stalking, kidnapping and threats to contract HIV. Nyugen, his spouse and kids had been focused within the scheme; Nyguen’s brother was additionally contacted however didn’t hand over any cryptocurrency.
These concerned within the crime should now pay the sufferer 18.8 billion Vietnamese dong. The stolen cryptocurrency was reportedly transformed into native foreign money, as it isn’t a authorized type of fee in Vietnam.
Although cryptocurrency has no authorized standing in Vietnam, the nation is among the world’s largest customers of cryptocurrencies. in 2022 Chainalysis reviews that the nation ranked first in numerous indicators above the Philippines and Ukraine.
After a Vietnamese court docket sentenced two males to life imprisonment for 1.5 million VND. USD Cryptocurrency Theft appeared first on seethereality.
