How two men in Vietnam were sentenced to life sentences because they had committed crypto theft worth $ 1.5 million: report
How two men in Vietnam were sentenced to life sentences because they had committed crypto theft worth $ 1.5 million: report
The People's Court of Ho Chi Minh City decided that the Vietnamese residents-Ho Ngoc Tai and Tran Ngoc Hoang-will spend their lives in prison because they kidnapped a person and their Bitcoin worth 1.5 million dollar.
14 other people who were also involved in the crime received prison terms between 9 and 19 years.
No mercy
The 34-year-old Tai and the 40-year-old Hoang were added Preserver-Spaces = "True"> with a life prison penalty because of the staging of a sophisticated kidnapping and the subsequent stepping of 1.5 Millions of US dollars in BTC from the victim.
According to local law, digital assets in Vietnam are illegal, which means that individuals or companies are not allowed to accept them as a currency or means of payment. Nevertheless, the defendant succeeded in exchanging the stolen BTC in 18.8 billion and (approx. $ 800,000 $ 800,000). The court decided that the criminals should compensate the victim with this amount.
Tai and Hoang were not the only backers of the affair. They were supported by 14 other employees who also have to go to prison. However, none of them will stay behind bars for life, the punishments fluctuate between 9 and 19 years.
It is interesting to determine that two of them-Nguyen Quoc dung and Nguyen Anh Tuan-served as police officers a few years ago. The former was sentenced to 17 years in prison, the latter will remain in a correctional facility for twelve years.
Review of the crime
as cryptoco potato Last week the Saga began to sell 1,000 BTC (then over $ 4 million) five years ago when Le Duc Nguyen Ho Ndoc Tai advised so that he could buy other digital assets. However, the investment did not proved to be profitable, and Tai suspected that he had become the victim of a fraudulent plan.
He put together a gang to get his money and used sophisticated methods to determine Nguyen's whereabouts. The team also rented a delivery van, bought weapons and kidnapped the goal with a gun.
The criminals asked the victim's brother to transfer the original amount of 1,000 BTC to Tais Wallet, but he could not provide the entire amount. After returning Bitcoin worth $ 1.5 million, they left the man in the city of Thu Duc, not far from Ho Chi Minh City.
The Vietnamese police quickly discovered the crime and arrested the 16 suspects. While Tai initially admitted that he had managed the operation, he later revoked his confession. On the other hand, his employees said that they thought they would only collect the victim's debt and not participate in a kidnapping.
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