Paraguay opens probe into Hong Kong-born crypto exec’s death
Police in Paraguay have launched an investigation into the death of a Hong Kong-born cryptocurrency fund executive as speculation swirled over the case. Experts on Wednesday also warned of a global rise in violent extortion attempts targeting digital asset holders, a phenomenon known as “wrench attacks”. Paraguayan police are investigating the death of Harry Yeh Chun-tak, who was found dead…
Paraguayan police have launched an investigation into the death of Harry Yeh Chun-tak, a Hong Kong-born cryptocurrency fund executive, whose body was found outside his 30th-floor flat in Asuncion earlier this week. Prosecutors stated that all possibilities, including accident, suicide, or foul play, remain open as they await the results of an autopsy to determine the official cause of death.
Neighbors reported that Yeh, who was the founder and managing director of Quantum Fintech Group, had another flat on the 27th floor, which was also searched by investigators. Yeh's partner, a 29-year-old Brazilian national, had no prior knowledge of the incident and was not questioned or listed as a suspect. The case follows a rising trend of cryptocurrency-related kidnapping and extortion attempts, known as "wrench attacks," which involve violent means to coerce cryptocurrency owners into handing over their passwords or private keys.
Blockchain security firm CertiK reported that such activities shifted towards being perpetrated by organized, transnational groups in the previous year.
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