Man robbed of over $300,000 in cash after crypto trade

A man was robbed of over HK$300,000 in cash in Lai Chi Kok late on Thursday after he had completed a cryptocurrency trade.

Police received a report from 41-year-old Wong at around 11pm that he was assaulted by a man with a wooden stick near Lai Chi Kok Park Sports Centre and was robbed of a plastic bag carrying some HK$318,000 in cash.

The assailant was said to have fled towards the direction of Nob Hill following the alleged robbery.

Officers later responded to the scene and canvassed the surrounding area for the assailant. No arrest has been made.

The man suffered injuries to his left hand and refused to be hospitalized after receiving basic treatment on-site.

Sources said the man received the cash after he completed a cryptocurrency trade in Sung Wong Toi. He was on his way back to his Wah Lai Estate home when the robbery occurred.

An investigation is ongoing.