A male fintech employee was found guilty of stealing 26 million Hong Kong dollars worth of cryptocurrency from a company and sentenced to 6 and a half years in prison

On May 16th, according to Hong Kong Wen Wei Po, personnel from the Cybersecurity and Technology Crime Investigation Bureau of the Hong Kong police received a report in September 2022 that a virtual currency account of a Singaporean fintech company had been stolen by a 29 year old male employee of its Hong Kong branch, with over 3.2 million virtual currencies and a market value of approximately HKD 26 million. After investigation, it was found that the employee had stolen the batch of virtual currency 64 times between November 2021 and July 2022, and transferred the funds to electronic wallets on different trading platforms. Some of the wallets were held by a 29 year old woman and another 26 year old man. On September 9, 2022, personnel arrested the two men and one woman on suspicion of "theft" and "money laundering", and recovered approximately 8.6 million yuan worth of virtual currency and 4.65 million yuan worth of cash and assets during the operation. Afterwards, the male employee was charged with one count of "theft" and three counts of "money laundering", and admitted to the charges and was convicted in the High Court. As of today (15th), he has been sentenced to six years and six months in prison for the above-mentioned crimes.