Armed robbers steal $820,000 in cryptocurrency from businessman in Thailand
Three armed criminals broke into the home of a Turkish businessman in Thailand and forced him to transfer $820,000 in cryptocurrency. The attackers also stole cash and luxury watches, bringing the total estimated losses to nearly $1 million.
According to Pattaya Mail, the robbery occurred on October 6, 2026, at approximately 3:30 a.m. in Nongprue, near Pattaya. Three masked men used a ladder to enter a private residence before breaking into the owner's bedroom.
Threatening the businessman with firearms, the criminals demanded that he open his safe. They stole approximately 150,000 baht ($4,600), three Rolex watches and forced the victim to transfer funds from his crypto wallet to an address under their control.
Police locate vehicle linked to suspected robbers
According to preliminary information, the stolen cryptocurrency was worth approximately 27 million baht ($820,000). The digital assets were subsequently sold, although law enforcement officials have not disclosed details of the transactions.
After the attack, the businessman managed to free himself and report the incident to Nongprue Police Station. Local authorities are investigating the case alongside Chonburi provincial police, immigration officials and tourist police.
Investigators discovered a black Toyota Fortuner SUV believed to have been used by the attackers. The vehicle was found in a wooded area near the crime scene.
Surveillance footage also captured the same vehicle on October 5 at approximately 3:38 p.m. near Phatthanakan Road and Soi Wat Boonsamphan. This allowed police to reconstruct part of the suspects' possible route before the robbery.
Authorities are examining surveillance recordings, forensic evidence and immigration records while tracing the movement of the stolen cryptocurrency. Preliminary information suggests the criminals may be foreign nationals, possibly Chinese citizens, although their identities and nationalities have not yet been established.
Cryptocurrency holders face growing threat of armed robberies
The Pattaya robbery follows other incidents of physical violence aimed at gaining access to digital assets. Criminals use threats and hostage-taking to force wallet owners to transfer funds themselves.
In September 2026, a similar attack occurred in northern France. Four armed assailants broke into the home of an IT specialist working in the cryptocurrency industry, tied up his wife and two children, and demanded access to digital assets.
Under pressure from the criminals, the man transferred approximately €40,000 ($46,000) in cryptocurrency. The attackers fled after receiving the funds.
Earlier, we reported that a musician and members of his family were murdered during a robbery in Mexico linked to $1.5 million in Bitcoin. The crime became one of the most brutal cases of violence aimed at stealing cryptocurrency.
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