Three men were apprehended by Hong Kong police at a currency exchange outlet in Tsim Sha Tsui, a bustling tourist hub, on suspicion of duping a customer with "hell money," prompting the victim to swap around HK$1 million ($128,206) worth of cryptocurrency for cash. The suspects, aged 31 to 34, were arrested for allegedly acquiring property deceitfully.

Authorities confiscated 3,000 ceremonial hell banknotes, a safe, and a note-counting device. Hell banknotes are symbolic paper currencies utilized in traditional Chinese customs. The victim reported being unable to receive cash after trading tether (USDT) at the establishment. Allegedly, the suspects persuaded the victim to transfer cryptocurrency to their wallet, then departed without furnishing the cash, citing various excuses. Law enforcement recommends utilizing reputable cryptocurrency exchange outlets and verifying the legitimacy of banknoteThree men were apprehended by Hong Kong police at a currency exchange outlet in Tsim Sha Tsui, a bustling tourist hub, on suspicion of duping a customer with "hell money," prompting the victim to swap around HK$1 million ($128,206) worth of cryptocurrency for cash. The suspects, aged 31 to 34, were arrested for allegedly acquiring property deceitfully.

Authorities confiscated 3,000 ceremonial hell banknotes, a safe, and a note-counting device. Hell banknotes are symbolic paper currencies utilized in traditional Chinese customs. The victim reported being unable to receive cash after trading tether (USDT) at the establishment. Allegedly, the suspects persuaded the victim to transfer cryptocurrency to their wallet, then departed without furnishing the cash, citing various excuses. Law enforcement recommends utilizing reputable cryptocurrency exchange outlets and verifying the legitimacy of banknotes.s.