Hong Kong man robbed of HK$6M cryptocurrency in hotel assault

Hong Kong police have launched an investigation into a Man Lok Street attack in the Hung Hom district that left a 25-year-old mainland Chinese man robbed of cryptocurrency and silver worth approximately HK$6 million (about US$767,070).

The Man Lok Street attack occurred early on March 7, 2026, when four suspects—three men and a woman—allegedly assaulted the victim at a hotel near Man Lok Street before forcing him to transfer digital assets and surrender valuable items.

Authorities say the Man Lok Street attack began around 3:52 a.m., when police received a report that the victim had been ambushed inside the hotel and robbed of cryptocurrency valued at about HK$5 million. According to investigators, the suspects later moved the victim to another location where additional valuables were taken.

The case has drawn attention to the rising risks associated with high-value cryptocurrency transactions conducted outside traditional financial institutions. Police have confirmed that the Man Lok Street attack remains under investigation, with officers searching for the four suspects involved.

Police investigate Man Lok Street attack and hotel assault

According to the Hong Kong Police Force, the Man Lok Street attack unfolded at a hotel near Man Lok Street in Hung Hom, a district located on the Kowloon Peninsula. Officers said the victim, a mainland Chinese national, was assaulted by a group of four individuals.

“The force said it received a report at 3.52am on Saturday that a 25-year-old mainland Chinese man was attacked by three men and a woman at a hotel near Man Lok Street in Hung Hom and robbed of cryptocurrency worth HK$5 million from his account,” — Hong Kong Police Force, in a statement cited in the report.

Authorities believe the suspects forced the victim to transfer cryptocurrency from his account during the Man Lok Street attack, highlighting how digital assets can be targeted during physical crimes.

Investigators have not disclosed what specific cryptocurrencies were involved, but the value of the stolen digital assets was estimated at approximately HK$5 million. Police say the Man Lok Street attack remains an active investigation, with officers reviewing surveillance footage and gathering witness information.

Victim taken to industrial building during Man Lok Street attack

Police say the crime did not end at the hotel. After seizing the cryptocurrency, the suspects allegedly moved the victim to another property in the area.

According to investigators, the suspects transported the victim to a unit in an industrial building where additional valuables were taken. During this stage of the Man Lok Street attack, silver items worth approximately HK$1 million were reportedly stolen.

“The suspects later took the victim to another unit in an industrial building, where they seized silver items worth HK$1 million,” — Hong Kong Police Force, according to the report.

The combined value of the stolen assets—cryptocurrency and silver—brought the total loss in the Man Lok Street attack to about HK$6 million.

Police have not indicated whether the suspects knew the victim beforehand or whether the robbery was planned based on prior knowledge of the victim’s assets.

Manhunt under way after Man Lok Street attack

Following the Man Lok Street attack, authorities launched a manhunt to identify and apprehend the four suspects involved. As of the latest update, no arrests have been made.

Police said officers are conducting a search operation across the district and examining potential leads. Investigators are also working to determine whether the suspects were part of a broader criminal network targeting individuals who hold digital assets.

The Man Lok Street attack reflects a growing global trend in which criminals attempt to steal cryptocurrency through coercion rather than through cyberattacks alone. Law enforcement agencies in several countries have reported similar cases in recent years, where victims were physically threatened or abducted to force transfers of digital assets.

In the Hong Kong case, police have not confirmed whether the suspects used weapons during the Man Lok Street attack, but the investigation remains ongoing.

Authorities have urged anyone with information related to the Man Lok Street attack to come forward, noting that public assistance could help accelerate the search for the suspects.

While Hong Kong remains a major global financial hub, the incident highlights the evolving security challenges posed by high-value digital assets. Investigators say resolving the Man Lok Street attack case will depend on tracking both physical evidence and blockchain transactions linked to the stolen cryptocurrency.

For now, police continue their search as the Man Lok Street attack investigation enters its next phase.