Another Bitcoin Trader Theft - Revision history

Azoundria at 18:27, 3 May 2023

2023-05-03T18:27:30Z

← Older revision		Revision as of 12:27, 3 May 2023
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	Very few details are available about this theft. The victim was attempting to purchase bitcoin with a large amount of cash in Hong Kong. He was attacked with a knife and his cash was taken. There is no indication that any of the funds were recovered of the theif caught.		Very few details are available about this theft. The victim was attempting to purchase bitcoin with a large amount of cash in Hong Kong. He was attacked with a knife and his cash was taken. There is no indication that any of the funds were recovered of the theif caught.

	This exchange or platform is based in Hong Kong, or the incident targeted people primarily in Hong Kong.		This exchange or platform is based in Hong Kong, or the incident targeted people primarily in Hong Kong.<ref name="abscbnnews-7849" /><ref name="asiaone-7850" />
	<ref name="abscbnnews-7849" /><ref name="asiaone-7850" />

	== About None ==		== About None ==
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	!Description		!Description
	\|-		\|-
	\|July 28th, 2021 6:20:00 PM		\|July 28th, 2021 6:20:00 PM MDT
	\|Main Event		\|Main Event
	\|Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.		\|Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.
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	\|		\|
	\|}		\|}

			== Technical Details ==
			This section includes specific detailed technical analysis of any security breaches which happened. What specific software vulnerabilities contributed to the problem and how were they exploited?

	== Total Amount Lost ==		== Total Amount Lost ==
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	== Ongoing Developments ==		== Ongoing Developments ==
	What parts of this case are still remaining to be concluded?		What parts of this case are still remaining to be concluded?
			== Individual Prevention Policies ==
			{{Prevention:Individuals:Placeholder}}

			{{Prevention:Individuals:End}}

			== Platform Prevention Policies ==
			{{Prevention:Platforms:Placeholder}}

			{{Prevention:Platforms:End}}

			== Regulatory Prevention Policies ==
			{{Prevention:Regulators:Placeholder}}

	== Prevention ~~Policies ==~~		{{Prevention:Regulators:End}}
	~~Which policies could have prevented this event from happening?~~

	== References ==		== References ==

Azoundria at 03:54, 23 February 2023

2023-02-23T03:54:35Z

← Older revision		Revision as of 21:54, 22 February 2023
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	{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/anotherbitcointradertheft.php}}		{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/anotherbitcointradertheft.php}}
			{{Unattributed Sources}}

	Very few details are available about this theft. The victim was attempting to purchase bitcoin with a large amount of cash in Hong Kong. He was attacked with a knife and his cash was taken. There is no indication that any of the funds were recovered of the theif caught.		Very few details are available about this theft. The victim was attempting to purchase bitcoin with a large amount of cash in Hong Kong. He was attacked with a knife and his cash was taken. There is no indication that any of the funds were recovered of the theif caught.

	This exchange or platform is based in Hong Kong, or the incident targeted people primarily in Hong Kong.		This exchange or platform is based in Hong Kong, or the incident targeted people primarily in Hong Kong.
			<ref name="abscbnnews-7849" /><ref name="asiaone-7850" />

	== About None ==		== About None ==
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	== References ==		== References ==
	[https://news.abs-cbn.com/overseas/07/29/21/bitcoin-trader-robbed-of-hk3-million-in-cash-at-knifepoint https://news.abs-cbn.com/overseas/07/29/21/bitcoin-trader-robbed-of-hk3-million-in-cash-at-knifepoint] (May 31)		<references><ref name="abscbnnews-7849">[https://news.abs-cbn.com/overseas/07/29/21/bitcoin-trader-robbed-of-hk3-million-in-cash-at-knifepoint https://news.abs-cbn.com/overseas/07/29/21/bitcoin-trader-robbed-of-hk3-million-in-cash-at-knifepoint] (May 31, 2022)</ref>

	[https://www.asiaone.com/china/bitcoin-trader-robbed-523k-cash-when-sellers-hong-kong-show-knife Bitcoin trader robbed of $523k in cash when 'sellers' in Hong Kong show up with knife, China News - AsiaOne] (Apr 23)		<ref name="asiaone-7850">[https://www.asiaone.com/china/bitcoin-trader-robbed-523k-cash-when-sellers-hong-kong-show-knife Bitcoin trader robbed of $523k in cash when 'sellers' in Hong Kong show up with knife, China News - AsiaOne] (Apr 23, 2022)</ref></references>

Azoundria: Created page with "{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/anotherbitcointradertheft.php}} Very few details are available about this theft. The victim was attempting to purchase bitcoin with a large amount of cash in Hong Kong. He was attacked with a knife and his cash was taken. There is no indication that any of the funds were recovered of the theif caught. This exchange or platform is based in Hong Kong, or the incident targeted people primarily in Ho..."

2023-01-27T21:09:23Z

Created page with "{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/anotherbitcointradertheft.php}} Very few details are available about this theft. The victim was attempting to purchase bitcoin with a large amount of cash in Hong Kong. He was attacked with a knife and his cash was taken. There is no indication that any of the funds were recovered of the theif caught. This exchange or platform is based in Hong Kong, or the incident targeted people primarily in Ho..."

New page

{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/anotherbitcointradertheft.php}}

Very few details are available about this theft. The victim was attempting to purchase bitcoin with a large amount of cash in Hong Kong. He was attacked with a knife and his cash was taken. There is no indication that any of the funds were recovered of the theif caught.

This exchange or platform is based in Hong Kong, or the incident targeted people primarily in Hong Kong.

== About None ==
"The 39-year-old trader from South Korea arrived at Astoria Building on Ashley Road in Tsim Sha Tsui for the exchange at about 6.20pm." "[H]e went to meet a bitcoin seller in Hong Kong on Wednesday (July 28) afternoon."

"He was approached by four men, one of whom attacked him with the knife."

"The criminals snatched a bag he was carrying with about HK$3.29 million inside and fled."

"The trader asked a friend to call police and officers searched the area but failed to locate the suspects."

"The victim suffered a cut to his hand and was sent to hospital for treatment. Detectives from the Yau Tsim district crime squad are investigating."

This exchange or platform is based in Hong Kong, or the incident targeted people primarily in Hong Kong.

The background of the exchange platform, service, or individuals involved, as it would have been seen or understood at the time of the events.

Include:

* Known history of when and how the service was started.
* What problems does the company or service claim to solve?
* What marketing materials were used by the firm or business?
* Audits performed, and excerpts that may have been included.
* Business registration documents shown (fake or legitimate).
* How were people recruited to participate?
* Public warnings and announcements prior to the event.

Don't Include:
* Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.
* Anything that wasn't reasonably knowable at the time of the event.
There could be more than one section here. If the same platform is involved with multiple incidents, then it can be linked to a main article page.

== The Reality ==
This sections is included if a case involved deception or information that was unknown at the time. Examples include:

* When the service was actually started (if different than the "official story").
* Who actually ran a service and their own personal history.
* How the service was structured behind the scenes. (For example, there was no "trading bot".)
* Details of what audits reported and how vulnerabilities were missed during auditing.

== What Happened ==
The specific events of the loss and how it came about. What actually happened to cause the loss and some of the events leading up to it.
{| class="wikitable"
|+Key Event Timeline - Another Bitcoin Trader Theft
!Date
!Event
!Description
|-
|July 28th, 2021 6:20:00 PM
|Main Event
|Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.
|-
|
|
|
|}

== Total Amount Lost ==
The total amount lost has been estimated at $523,000 USD.

How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?

== Immediate Reactions ==
How did the various parties involved (firm, platform, management, and/or affected individual(s)) deal with the events? Were services shut down? Were announcements made? Were groups formed?

== Ultimate Outcome ==
What was the end result? Was any investigation done? Were any individuals prosecuted? Was there a lawsuit? Was any tracing done?

== Total Amount Recovered ==
There do not appear to have been any funds recovered in this case.

What funds were recovered? What funds were reimbursed for those affected users?

== Ongoing Developments ==
What parts of this case are still remaining to be concluded?

== Prevention Policies ==
Which policies could have prevented this event from happening?

== References ==
[https://news.abs-cbn.com/overseas/07/29/21/bitcoin-trader-robbed-of-hk3-million-in-cash-at-knifepoint https://news.abs-cbn.com/overseas/07/29/21/bitcoin-trader-robbed-of-hk3-million-in-cash-at-knifepoint] (May 31)

[https://www.asiaone.com/china/bitcoin-trader-robbed-523k-cash-when-sellers-hong-kong-show-knife Bitcoin trader robbed of $523k in cash when 'sellers' in Hong Kong show up with knife, China News - AsiaOne] (Apr 23)