Share this article
Bitcoin Miner Blames Trading Crackdown in China for Shooting
Toughened bitcoin trading rules in mainland China may have led to a Taiwanese bitcoin miner being shot by gangland investors, a report suggests.
By Wolfie Zhao
Updated Sep 13, 2021, 7:49 a.m. Published Apr 16, 2018, 8:00 a.m.
A bitcoin miner in Taiwan is blaming the crackdown on bitcoin trading in mainland China for an incident in which he was shot by local gangsters.
According to a report from Taiwanese news source Liberty Times, the incident occurred on Saturday night, local time, when the two suspects allegedly scheduled to meet a bitcoin miner with whom they had made a significant investment.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The miner, who reportedly has the surname Wu, had previously accepted 10 million Chinese yuan (roughly $1.7 million) from the two – surnamed Li and Gao – in order to participate the bitcoin mining operation. While the exact whereabouts of the mining facility remains unknown, the report hinted that the location could be inside mainland China.
Despite having made some $370,000 in profit, Wu claimed in the report that due to tightened regulations on bitcoin trading in China, the profit could not be exchanged for fiat currency in time, as per the two gangsters' demands – a factor that sparked a dispute at the meeting.
As things got heated, Wu was reportedly shot in the ankle. The gangsters fled the crime scene, but turned themselves into the police seven hours after the event. The police later confirmed the suspects were from local gangs, the report stated.
Though it isn't the first instance of a crime alleged to have involved bitcoin in Taiwan, the case appears notable for the involvement of participants in organized crime.
The news also marks another incident in which the surging price of bitcoin over the past year has led to crimes involving armed assailants. As reported by CoinDesk, two cases in Canada and the U.K. in January saw thieves robbing bitcoin investors at gunpoint.
And, just last week, Singapore's police force reported a case in which bitcoin brokers were robbed of some $300,000.
Bitcoin and bullet image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
U.S. added 64,000 jobs in November, with unemployment rate jumping to four-year high of 4.6%
Combined with softer than expected October data, this morning's numbers point to at least a modestly weaker jobs market as the economy heads into the end of the year.
What to know:
- The U.S. added 64,000 jobs in November, while the unemployment rate rose to 4.6%.
- As for October, employment fell by 105,000 versus 119,000 jobs added in September.
- Both reports had been delayed to the U.S. government shutdown.
Top Stories
