The People’s Court of Ho Chi Minh City, in Vietnam, found two men guilty in the case of kidnapping and theft of USD 1.5 million in Bitcoin.

They were identified as Ho Ngoc Tai and Tran Ngoc Hoang, who now have a life sentence. Another 14 people were also involved, who received sentences between 9 and 19 years in prison.

Those sentenced were found guilty of organizing the kidnapping of a person to then steal $1.5 million in BTC from the victim. The case came to light because cryptocurrencies are not legal in Vietnam and Tai and Hoang had also turned the stolen sum into 18.8 billion VND (about $800,000).

According to the court ruling, “the criminals had to compensate the victim with that amount.”

It was learned that about five years ago the plot of these crimes with digital assets began, buying and selling bitcoin and organizing a criminal gang that included the purchase of vehicles and weapons.

M.Pino

Source: cripto247

(Reference image source: Hédi Benyounes, Unsplash)

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