An employee of a Hong Kong-based cryptocurrency investment company was arrested for stealing over HK$20 million in USDT from clients. About 20 clients of the same company, which provides cryptocurrency settlement platforms, reported losses totaling 2.67 million USDT, or roughly HK$20.87 million. Following an investigation, police arrested a 34-year-old network engineer surnamed Cai yesterday.
Cai is suspected of abusing his position to access the company’s database without authorization and to steal cryptocurrency assets. The case is being handled by the 9th team of the Yau Tsim District Criminal Investigation Team, with officers visiting the company to collect evidence.
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