Bai Chunjie admitted to plotting a robbery involving a fake sale of Tether valued at approximately $30,000. The intended robbery, conducted using Telegram, aimed to ambush a victim into a setup.
The robbery attempt on August 29, 2024, turned violent as the victim, Mr. Zheng, was assaulted. However, he managed to escape with $32,000 after confronting the attackers.
Bai faces severe penalties under Singapore law for attempted robbery with violence, which could lead to a prison sentence of five to 20 years and corporal punishment. Investigations into his accomplices are still ongoing.
Leave a Reply