An employee of a Hong Kong-based cryptocurrency investment company was arrested for stealing over HK$20 million in USDT from clients.

PANews reported on February 24 that, according to Sing Tao Daily, about 20 clients of a Hong Kong-based investment company providing cryptocurrency settlement platforms reported the loss of 2.67 million USDT, totaling approximately HK$20.87 million. Following an investigation, police arrested a 34-year-old network engineer surnamed Cai yesterday. Cai is suspected of abusing his position to access the company's database without authorization, querying client account information, and allegedly stealing cryptocurrency assets. The case is currently being handled by the 9th team of the Yau Tsim District Criminal Investigation Team, and several officers have gone to the company to collect evidence.