• About
  • FAQ
  • Earn Bitcoin while Surfing the net
  • Buy & Sell Crypto on Paxful
Newsletter
Approx Foundation
  • Home
    • Home – Layout 1
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
  • Home
    • Home – Layout 1
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
Approx Foundation
No Result
View All Result
Home Bitcoin

Home Invasion And $1.6M Bitcoin Theft Nets 7-Year Sentence

Moussa by Moussa
November 25, 2025
in Bitcoin
0
Home Invasion And $1.6M Bitcoin Theft Nets 7-Year Sentence
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


A Hong Kong man has been sentenced to seven years in a Canadian prison for participating in a violent home invasion that left a British Columbia family tortured and robbed of $1.6 million in Bitcoin.

Tsz Wing Boaz Chan, 35, flew from Hong Kong to Vancouver in early 2024 to take part in the meticulously planned attack, which authorities say involved extreme violence, sexual assault, and psychological torture over a 13.5-hour ordeal.

On the evening of April 27, 2024, four men, two dressed in Canada Post uniforms, gained entry to the Port Moody home of the targeted family. The attackers restrained the husband, wife, and young daughter, threatening their lives and forcing the daughter to simulate sexual assault while under duress, according to CBC reporting.  

The intruders also waterboarded the wife in front of her husband and beat him naked, threatening further violence if he did not provide access to his cryptocurrency accounts.

Court documents describe the attackers’ demands escalating from 200 bitcoin — worth roughly $26 million at the time — to 100 bitcoin, ultimately withdrawing about $1.6 million.

They carried out the crime after weeks of surveillance and planning, including planting cameras outside the family’s home. The attackers communicated through a man using a disguised voice over the phone, coordinating the assault and issuing threats.

The daughter escaped at around 8 a.m. the following morning and alerted authorities, ending the ordeal. Police later linked Chan to the crime through CCTV footage and DNA, although he had returned to Hong Kong prior to identification. He was arrested when he came back to Canada months later.

The Bitcoin theft was ‘elaborately planned’

Judge Robin McQuillan called the crime “elaborately planned” and noted the profound emotional and financial consequences for the family. Victim impact statements highlighted the ongoing trauma: the daughter said she now feels unsafe at home, while the father described losing decades of savings intended to support his family and pay off multiple mortgages. 

The family continues to struggle with the aftermath, including the psychological impact of nude videos and threats of social media exposure.

Chan, an out-of-work sailor and former waiter, reportedly received about $50,000 for his role in the heist and has been ordered to repay the amount. During sentencing, the judge observed that Chan was visibly distraught, noting his struggles with prison violence, back pain, and language barriers. 

Accounting for time already served, he faces five more years in custody.

The attack is part of a broader trend known as “wrench attacks,” in which bitcoin and crypto holders and their families are targeted globally for ransom due to the irreversibility and high value of digital assets. 



Source link

Related articles

Coinbase Adds Ripple’s $2.6B RLUSD Stablecoin Across XRP Ledger and Beyond

Coinbase Adds Ripple’s $2.6B RLUSD Stablecoin Across XRP Ledger and Beyond

October 28, 2026
MARA Sends Another 1,000 BTC to BitGo, Its Fourth Big Transfer in October: Can BTC USD Absorb It?

MARA Sends Another 1,000 BTC to BitGo, Its Fourth Big Transfer in October: Can BTC USD Absorb It?

October 28, 2026
Share76Tweet47

Related Posts

Coinbase Adds Ripple’s $2.6B RLUSD Stablecoin Across XRP Ledger and Beyond

Coinbase Adds Ripple’s $2.6B RLUSD Stablecoin Across XRP Ledger and Beyond

by Moussa
October 28, 2026
0

Key TakeawaysCoinbase added Ripple’s RLUSD across retail, exchange, and Prime, boosting U.S. distribution.RLUSD supports XRP Ledger, Base, and Ethereum and...

MARA Sends Another 1,000 BTC to BitGo, Its Fourth Big Transfer in October: Can BTC USD Absorb It?

MARA Sends Another 1,000 BTC to BitGo, Its Fourth Big Transfer in October: Can BTC USD Absorb It?

by Moussa
October 28, 2026
0

Bitcoin miner MARA Holdings moved another 1,000 BTC, worth about $81 million, to the custodian BitGo early on Wednesday, October...

US Treasury Plans New Crypto Rules After CLARITY Act Setback

US Treasury Plans New Crypto Rules After CLARITY Act Setback

by Moussa
October 28, 2026
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The US government isn’t waiting for Congress...

BNY Adds XRP and RLUSD Custody Support as Ripple Partnership Expands

by Moussa
October 28, 2026
0

TL;DR: BNY and Ripple are extending an established reserve-custody relationship into wider digital-asset servicing and possible tokenized trade-finance applications. The...

SoFi Stock (SOFI) Soars 15% As Crypto Hits 503,000 Products

SoFi Stock (SOFI) Soars 15% As Crypto Hits 503,000 Products

by Moussa
October 28, 2026
0

SoFi Technologies reported record third-quarter 2026 results earlier Tuesday, and its crypto business reached 503,070 products by quarter-end. At the...

Load More

youssufi.com

sephina.com

[vc_row full_width="stretch_row" parallax="content-moving" vc_row_background="" background_repeat="no-repeat" background_position="center center" footer_scheme="dark" css=".vc_custom_1517813231908{padding-top: 60px !important;padding-bottom: 30px !important;background-color: #191818 !important;background-position: center;background-repeat: no-repeat !important;background-size: cover !important;}" footer_widget_title_color="#fcbf46" footer_button_bg="#fcb11e"][vc_column width="1/4"]

We bring you the latest in Crypto News

[/vc_column][vc_column width="1/4"][vc_wp_categories]
[/vc_column][vc_column width="1/4"][vc_wp_tagcloud taxonomy="post_tag"][/vc_column][vc_column width="1/4"]

Newsletter

[vc_raw_html]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[/vc_raw_html][/vc_column][/vc_row]
No Result
View All Result
  • Contact Us
  • Homepages
  • Business
  • Guide

© 2024 APPROX FOUNDATION - The Crypto Currency News