Taiwanese Miner Shot By Gangsters, China’s ‘Strict’ Bitcoin Control Is To Blame

A Taiwanese Bitcoin miner was shot by gangsters who claimed that mining profits which they had expected to get went wrong.

A Bitcoin miner known only by the name Wu accepted 10 mln Chinese yuan, equal to almost $1.6 mln, from two “local gangsters” having promised to turn the certain amount of Bitcoin mining profits for them.

The facility was allegedly located not in Taiwan but on mainland China, where regulations regarding the practice have become notoriously precarious this year. So Wu experienced cash flow problems.

During the meeting which they arranged, Wu tried to explain his “investors” that he had not been able to produce the fiat currency expected on schedule, blaming China’s “strict control” on Bitcoin and added that he was not “deliberately defaulting” on payment.

The gangsters were not satisfied, however, shooting Wu in the ankle before scattering, only to turn themselves in hours later.

The curious events take place after Beijing demanded Bitcoin mining operations be scaled back last year.

Cheap power for mining operations involved several layers of “bribery,” reports earlier claimed.

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