Shot Taiwanese Bitcoin Miner Blames Investing Crackdown in China

The regulatory crackdown on bitcoin buying and selling in mainland China has reportedly led to a bitcoin miner in Taiwan becoming shot by regional gangsters.

According to a report from Taiwanese news source Liberty Moments, the incident happened on Saturday night time, regional time, when two regional gangsters had scheduled to meet up with a bitcoin miner with whom they had created a considerable investment.

The miner, who reportedly has the surname Wu, had beforehand accepted 10 million Chinese yuan (roughly $1.7 million) from the two – surnamed Li and Gao – in purchase to participate Wu’s bitcoin mining operation. Although the precise whereabouts of the mining facility stays mysterious, the report hinted that the locale could be inside mainland China.

Although having created some $370,000 in revenue, Wu claimed in the report that because of to tightened laws on bitcoin buying and selling in China, the revenue could not be exchanged for fiat currency in time, as for every the two gangsters’ demands – a issue that sparked a dispute at the assembly.

As items bought heated, Wu was reportedly shot in the ankle. The gangsters fled the criminal offense scene, but turned on their own into the police 7 hrs right after the function. The police later on confirmed the suspects were from regional gangs, the report stated.

Although not the initial occasion of a criminal offense alleged to have concerned bitcoin in Taiwan, the scenario appears notable for the involvement of contributors in structured criminal offense.

The news also marks a further incident in which the surging rate of bitcoin above the earlier yr has led to crimes involving armed assailants. As claimed by Bit-coinTalk, two conditions in Canada and the U.K. in January saw robbers robbing bitcoin investors at gunpoint.

And, just past week, Singapore’s police force claimed a scenario in which bitcoin brokers were robbed of some $300,000.

Bitcoin and bullet graphic by using Shutterstock

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