The Ho Chi Minh court sentenced Vietnamese citizens – Ho Ngoc Tai and Tran Ngoc Hoang – to life imprisonment for kidnapping a person and stealing $1.5 million worth of Bitcoin. Imprisonment of between 9 and 19 years
Tai, 34, and Hoang, 40, wereimprisonmentLifetime on kidnapping charges and later stole $1.5 million worth of BTC from the victims.
according to Vietnamese law Digital assets are illegal. This means that individuals or businesses cannot accept it as a currency or method of payment. However, the defendant was able to convert the stolen BTC into 18.8 billion Vietnamese Dong (approximately $800,000), which the court ruled that criminals should repay that amount to. victim
Tai and Hoang weren’t the only ones behind the story. They are backed by 14 others who will also go to jail.
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