Chinese Man Murdered in South Korean Luxury Hotel

A violent crime in Jeju Metropolis, South Korea, has highlighted the risks of cryptocurrency transactions performed in unregulated settings. A Chinese language man in his 30s was discovered lifeless in a luxurious lodge room on February 24 after struggling a number of stab wounds.

Authorities consider the homicide was linked to a crypto transaction gone fallacious.

4 Arrested After Lethal Resort Assault

In keeping with a report by the Korean information company, The Chosun Day by day, the sufferer had gone to the lodge to finish a deal involving digital foreign money however was as a substitute attacked and robbed of 85 million received, which is price roughly $63,000, in money.

Following an investigation, the Jeju West Police Station arrested 4 Chinese language nationals suspected of involvement within the crime. Amongst them are two males, one in his 30s and one other in his 60s, together with two ladies of their 30s. The case got here to mild when an acquaintance of the sufferer was unable to succeed in him and alerted the police at 5:10 PM on the day of the incident.

Upon arrival, officers found the sufferer deceased on the scene. One of many suspects later surrendered to the police in Seogwipo, whereas the opposite three have been apprehended individually – one on the airport and one other at a hotel-casino.

Authorities are actually working to find out the precise motive behind the crime and the circumstances main as much as the deadly encounter. The incident has raised issues about rising assaults on crypto traders.

Rising Assaults On Crypto Traders

Casa platform co-founder Jameson Lopp’s archive signifies that roughly 10 bodily assaults focusing on Bitcoin holders have occurred the world over this yr alone. His file highlights an alarming pattern of accelerating violence towards people with Bitcoin and different crypto belongings, although it doesn’t seize all incidents, as many go unreported.

Ledger co-founder David Balland and his spouse have been abducted on January 21 and brought to an unknown location, the place kidnappers demanded a ransom in cryptocurrency. A police operation led to their protected rescue three days later.