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A 25-year-old man was arrested on Monday (June 22) for allegedly stealing $50,000 from a victim who had arranged to purchase US Dollar Tether (USDT) amounting to $100,000 from him.<\/p>\n
Police stated in a news release on Tuesday night that they were alerted to the incident along New Upper Changi Road at 11.55pm on Sunday.<\/p>\n
Preliminary investigations revealed that the victim was preparing to hand over cash in exchange for the cryptocurrency and had placed a portion of it on the bench.\u00a0<\/p>\n
The 25-year-old then grabbed the money and fled the scene.<\/p>\n
Officers from Bedok Police Division identified the man through ground enquiries and with the aid of images from police cameras and closed circuit television (CCTV).<\/p>\n
He was arrested within a day of the report and cash amounting to $7,450 was recovered.<\/p>\n
The man will be charged in court on Wednesday for theft, an offence which carries a jail term of up to three years, a fine, or both.<\/p>\n
[[nid:738730]]<\/p>\n
editor@asiaone.com<\/a><\/p>\n<\/div>\n A 25-year-old man was arrested on Monday (June 22) for allegedly stealing $50,000 from a victim who had arranged to purchase US Dollar Tether (USDT)…<\/p>\n","protected":false},"author":1,"featured_media":63589,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[2611],"tags":[],"class_list":["post-63588","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buzz-headlines","wpcat-2611-id"],"_links":{"self":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/63588","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=63588"}],"version-history":[{"count":0,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/63588\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/media\/63589"}],"wp:attachment":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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