In Hong Kong, a city advancing towards becoming a hub for digital currencies, a recent altercation involving Bitcoin (BTC) and Ethereum (ETF) ETFs has captured attention, revealing a surprising incident.

As reported by The South China Morning Post, a 19-year-old individual was assaulted by a group of nine youths.

The assault on the 19-year-old stemmed from the profits he had accrued through his investments in cryptocurrencies.

Allegedly, a gathering of young individuals convened at the Harbor Grand Kowloon Hotel in Hung Hom for cryptocurrency exchanges. During this meeting, the group demanded that the young victim surrender his cryptocurrency earnings amounting to HK$180,000 (approximately $23,000). When the victim refused to comply, he was confined in the room and subjected to physical assault with baseball bats by the nine individuals present.

Upon being informed of the incident, the victim's friend promptly contacted the police, leading to the rescue of the 19-year-old.

Following the arrival of law enforcement at the scene, six individuals managed to evade capture, while three individuals were apprehended by the police.

The authorities are actively pursuing the six individuals who fled, while the three detained individuals face charges related to assault, unlawful confinement, and extortion.