Good job, you've read 3 articles today! SINGAPORE - Another member of a trio who stole more than $, in cash from a prospective bitcoin.
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According to an announcement from the Singapore Police Force Thursday, the incident happened on April 8.
Following a report to the police, a suspect was later identified and arrested, and is currently being charged with robbery. If convicted, the police force said the suspect may be facing a sentence between five to 20 years in prison with at least 12 strokes in a caning punishment.
- Singapore-Based Man Brutally Caned For Bitcoin Robbery.
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The authority has not yet specified whether all the cash robbed from the bitcoin brokers was recovered. The report marks perhaps one of the first known cases of bitcoin related robbery crime in the city-state. It also comes at a time when the surging price of bitcoin in recent years has sparked several armed robberies that have involved the cryptocurrency.
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- Jail, caning for 2nd member of trio who robbed potential bitcoin buyer of $365,000.
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Singapore Man Caned for Stealing $267K From Bitcoin Investor
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