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Hong Kong court upholds 56-month sentence for Ma Zhihao linked to crypto ransom in trafficking case

Market News
21 Aug 2026
Crypto news
View Source
Bearish
pluang ai news

Hong Kong's Court of Appeal confirmed a 56-month prison sentence for Ma Zhihao after police traced ransom payments from a human trafficking scheme to a cryptocurrency exchange account registered in his name. Victims were lured to Southeast Asia with fake job offers and forced into scam operations. Blockchain records linked the ransom payment to Ma's bank account, strengthening the case. This ruling highlights growing law enforcement use of crypto tracing in tackling transnational crime.

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Ray Dalio advises 10-15% portfolio in gold and Bitcoin amid looming U.S. debt crisis fears.

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Austria taxes Bitcoin gains on emigration based on market value at departure, with different rules for EU/EEA and third countries.

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