Crypto trader kidnapped, beat by gang demanding HK$30 million ransom – Asia Newsday

Police have arrested seven people in connection with a week-long kidnapping, which saw a cryptocurrency trader held and brutally beaten by gang members demanding a ransom of HK$30 million (US$3,850,260). The victim, 39, went to Kowloon Bay on Nov. 6 to sell digital currency to a stranger. The buyer brought him to a nearby industrial building, where a group of men who appeared to have been waiting for the victim began attacking him with hammers and metal chairs. He was also forced to surrender his mobile phone and passwords for his bank and cryptocurrency accounts. The next morning, the victim…