In Tseung Kwan O, Hong Kong, a 3-year-old boy was abducted from a shopping mall on July 3, demanding a ransom of 660,000 USDT (CRYPTO:USDT) (about HK$5.15 million).

The kidnappers instructed the parents to acquire USDT via Telegram from an offline OTC store and avoid involving the police.

Hong Kong's Organized Crime and Triad Bureau quickly responded, using CCTV footage to locate the child by early July 4, leading to the arrest of the suspects.

This incident occurred against a backdrop of rising violent crime in Hong Kong, which saw a 9.4% increase in the first five months of the year.

Additionally, recent law enforcement actions in China targeted an underground bank involved in illicit USDT transactions, resulting in numerous arrests and asset seizures.