Local reports indicated that the gang held the unidentified foreigner at gunpoint, restrained him, and forced him to transfer the cryptocurrency to the wallet of one of the perpetrators, who sold it immediately. The attackers also took cash and three luxury watches from the victim
Key TakeawaysArmed men raided a Thai luxury home, forcing a Chinese expat to transfer $820K in crypto at gunpoint.Thai police are tracking the sold digital assets and CCTV footage to identify the gang and recover funds.The raid marks a surge in violent wrench attacks, which siphoned over $30M in crypto in early 2026. New Crypto-linked Armed Incursion Reported in Thailand A new armed robbery has been reported, this time in a luxury home near Pattaya, Thailand, involving over $800K in cryptocurrency stolen
The crime was perpetrated by three armed men, who, according to initial information, are believed to be of Chinese nationality, when they invaded a gated community in Nongprue. Nonetheless, police have not confirmed the origin of the three suspects
The victim, whose identity has not been revealed by the police, was a Chinese expat with Turkish citizenship
On Tuesday at 3:30 a.m., the three armed men used a ladder to invade the house and then broke into the victim’s bedroom to subdue him. The victim was forced at gunpoint to open a safe and deliver funds in cash and three luxury watches to the masked men
The gang also forced the man to transfer cryptocurrency valued at $820K, which was subsequently sold. Later, the man was able to escape and report the crime to the authorities
It is still unknown whether the victim was targeted for his crypto holdings or the attackers found out about his cryptocurrency at the site
Police Region 2 is already investigating. Police Region 2 Commissioner Police Lieutenant General Wasan Techa-akrakesom stated that they have made significant progress, and the Immigration Bureau has been included in the probe
Reports indicate that the car used by the attackers was found abandoned in a remote area, and that police authorities have managed to identify the car in CCTV footage on October 5, the day before the robbery was executed
Police are also tracking the digital assets sold to identify the people behind the accounts involved in the sale and recover the stolen funds
The attack marks yet another “wrench attack” incident, where crypto holders are deliberately targeted by attackers who use coercion and violence to steal cryptocurrency. Blockchain auditing firm Chainalysis estimated that criminals stole over $30 million in this kind of violent attack in the first half of 2026
Chilling accounts of pregnant women being threatened in the UK and even rock stars and their families being murdered in Mexico have risen recently as cryptocurrency gets mainstream attention and increased adoption
Three individuals targeted David Prinçay, President of Binance France, in a home-jacking attempt that constitutes the latest wrench attack reported…
Three individuals targeted David Prinçay, President of Binance France, in a home-jacking attempt that constitutes the latest wrench attack reported…
Three individuals targeted David Prinçay, President of Binance France, in a home-jacking attempt that constitutes the latest wrench attack reported…
