Vietnam kidnappers receive life in prison for crypto theft
In a dramatic conclusion to a Crypto currency theft case in Vietnam , two men have been handed life sentences for stealing over VNĐ37 billion (approximately $1.5 million) worth of Crypto in a heist that involved kidnapping and threatening to infect victims with HIV-laden needles. Joining Hồ Ngọc Tài (34) and Trần Ngọc Hoàng (40) in their fate are 14 other defendants, who have been sentenced to prison terms ranging from nine to 19 years. Among them are two former police officers who have been given 17 years and 12 years behind bars, respectively. According to the Ho Chi Minh City People’s Court documents, the whole saga began back in 2018 when Tài, feeling optimistic and following some investment advice from Lê Đức Nguyên (35), sold 1,000 bitcoin worth over VNĐ100 billion ($4.3 million) to invest in other Crypto currencies through international exchanges. Unfortunately, Tài’s investments went south, leading him to believe that Nguyên had deceived him. Seeking recompens...