Four arrested over Taiwan’s first bitcoin robbery

Bitcoin is a virtual currency created from computer code that allows anonymous transactions and its value has soared since it came into being in 2009. (AFP)
Updated 22 February 2018

Four arrested over Taiwan’s first bitcoin robbery

TAIWAN: Taiwan police have arrested four men over a bitcoin robbery worth 5 million Taiwanese dollars in what they said was the first case of its kind on the island.
Bitcoin is a virtual currency created from computer code that allows anonymous transactions and its value has soared since it came into being in 2009.
Taiwan police said three men in their early twenties lured a man surnamed Tai to the central city of Taichung, pretending to be interested in buying bitcoins.
After Tai showed proof of his bitcoins on his phone, the scammers assaulted him and his friend, then transferred 18 bitcoins worth 5 million Taiwanese dollars from Tai’s account via his phone.
The suspects attempted to pass off the heist as a drunken row by forcing the victim to drink Kaoliang, a strong Taiwanese liquor, Taichung city police said in a statement.
Police arrived at the scene after receiving a call about a dispute and one man was detained. The other two had fled.
“The police saw bloodstains at the scene ... after further investigation, it was discovered to be a bitcoin virtual currency robbery,” the statement released Wednesday said.
It described the case, which happened earlier this month, as “the first domestic case of bitcoin robbery.”
The two other suspects were later arrested, one on the outlying island of Kinmen where he had gone to escape police.
The fourth man, surnamed Shih, believed to be the mastermind behind the robbery, was also detained.
Britain saw its first Bitcoin armed robbery last month, according to reports, in which a virtual currency trader and his wife were threatened with a gun.
Bitcoin and other cryptocurrencies are independent of governments and banks and use blockchain technology, where encrypted digital coins are created by supercomputers.
But calls are mounting for virtual currencies to be regulated, and prices have fluctuated in recent months amid concerns over tightened control.


Police hunt killer of Omani student stabbed outside London's Harrods

Updated 8 min 46 sec ago

Police hunt killer of Omani student stabbed outside London's Harrods

  • Mohammed bin Abdullah Al-Araimi attacked as he walked home
  • Pronounced dead outside the famous department store

LONDON: UK police are hunting for the killer of an Omani student who was stabbed to death outside Harrods department store on Friday in a suspected robbery.

Mohammed bin Abdullah Al-Araimi, the youngest son of Omani property developer Sheikh Abdullah Al-Araimi, was attacked as he walked home from spending the evening with a friend, reportedly a Bahraini citizen.

It is believed Al-Araimi, 20, attempted to fight back when attacked before receiving a stab wound to the back and collapsing near an entrance to the department store, according to a report in the Evening Standard.

He was pronounced dead shortly after at the scene on Brompton Road.

The man he was with, also wounded in the incident, has since been released from hospital.

Al-Araimi was a student at King’s College and his relatives, said to be close to Oman’s royal family, were regular visitors to the UK capital.

Detectives investigating the murder said that the motive for the attack was likely robbery, and that Al-Araimi might have been targeted for his Rolex watch.

“Mohammed and his friend were returning home from a restaurant when they were approached and assaulted by two male suspects on Basil Street at the junction of Pavilion Road,” Detective Chief Inspector Andy Partridge said.

“The victim and his friend were entirely blameless, simply enjoying a meal out together. It does appear that the motive for this cowardly attack was robbery.

“Following the attack, the suspects fled on foot along Basil Street in the direction of Sloane Street.

“I would appeal to anyone who saw two males running along that route, or to drivers who were in Sloane Street around midnight and may have captured any part of this incident on dash-cam footage, to get in contact with my team immediately,” he added.

However, robbery as a motive was dismissed by Al-Araimi’s family in a short statement in which they said his murder being related to the theft of a watch was false.

“The police have confirmed that his possessions were not taken, and he was not wearing a watch at the time of this horrific attack,” the statement read.

The Omani Embassy released a statement, saying: “A regrettable stabbing attack took place, claiming the life of the Omani student, Mohammed bin Abdullah Al-Araimi. With great sadness and sorrow, the Embassy in London extends its condolences to the family of the deceased.”

The attack also prompted the UAE embassy to warn its citizens on Twitter against “wearing valuable items” given a recent spike in attacks on "citizens of Arab Gulf states.”

Attacks on Arab citizens have increased in London in the past five years, the most high-profile of which saw three Emirati women being bludgeoned to death in an attempted robbery in 2014 at the Cumberland Hotel.