Singapore police have arrested 3 people for assaulting minors during a crypto exchange.

Police in Singapore have arrested three people after a teenager attempted to rob them of $24,000.
ZK, 19, was about to exchange his money for USDT when two men attacked him.
According to the Straits Times, police have charged 29-year-old Benedict Ye Hong Fai with the assault and attempted robbery.

Singapore police have charged a man for assaulting a 19-year-old man at a meeting to facilitate a face-to-face exchange.

As of 2011 Straits TimesPolice have arrested three men for trying to rob a 19-year-old crypto trader.

A teenager named ‘ZK' was trying to buy USDT from a seller he had contacted via Telegram when two men ambushed him and punched him while waiting to meet the seller.

A crypto trader tried to exchange $24k in USDT.

According to official police accounts, the teenager was attacked when the businessman tried to exchange 32,000 Singapore dollars ($24,000) for the USDT stablecoin. ZK agreed to an offline peer-to-peer exchange, agreeing to meet Benedict Ye Hong Fai, 29.

Yi allegedly contacted ZK via Telegram, offering to transfer $24,000 in USDT in cash.

But while the first place to exchange face-to-face was in a public mall, Yee changed it at the last minute. The new location was a parking lot near the mall. Two men, aged 19 and 20, were arrested after allegedly punching Zedke and trying to rob him.

ZK fled to the mall and escaped with the money.

According to police records, the incident took place on August 29. The three suspects were arrested between August 30 and September 3.

Yee is accused of masterminding the attempted robbery and will be remanded in custody until September 12, The Street Times said, adding that the other two suspects have not yet been formally charged and are assisting with police investigations.