• Police in Singapore have arrested three males after an adolescent reported an tried theft of $24,000.
• 19-year-old ZK was trying to trade money for USDT when he was attacked by two males.
• Police have charged 29-year-old Benedict Yee Hong Fai with assault and tried theft, The Straits Occasions reported.

Police in Singapore have charged a person with assaulting a 19-year-old man throughout a gathering organized to facilitate the face-to-face trade of cryptocurrency for money.

Based on The Straits OccasionsPolice have arrested three males for the tried theft of a 19-year-old cryptocurrency dealer.

The boy, who glided by the identify “ZK,” was trying to buy USDT from a vendor he contacted on Telegram when he was ambushed and overwhelmed by two males whereas ready to fulfill the alleged vendor.

Crypto dealer tries to trade $24,000 for USDT

Based on an official police assertion, the assault on the boy occurred when the dealer was trying to trade 32,000 Singapore {dollars} ($24,000) for USDT stablecoin, ZK, after agreeing to an offline peer-to-peer trade and assembly with 29-year-old Benedict Yee Hong-fai.

Yee allegedly contacted ZK through Telegram, providing to ship USDT in trade for $24,000 in money.

Nevertheless, the unique venue for the face-to-face interplay was inside a public shopping center, however Yee modified it on the final minute. The brand new location was a parking lot close to the mall. Two males, aged 19 and 20, had been arrested for allegedly assaulting ZK and trying to rob him.

ZK reportedly ran right into a shopping center and escaped with the cash.

Based on police information, the incident occurred on Aug. 29. An investigation led to the arrest of three suspects between Aug. 30 and Sept. 3.

Yee is accused of being the ringleader of the tried theft and will likely be remanded in custody till his trial on September 12. The opposite two suspects have but to be formally charged and are cooperating with police investigations, in accordance with the Straits Occasions.