- Canadian family targeted by home invaders for Bitcoin theft.
- Attackers stole approximately $1.6 million USD in Bitcoin.
- No impact on broader cryptocurrency markets reported.
A Canadian family in Port Moody was brutally attacked in April 2024 by home invaders who stole $1.6 million in Bitcoin, leading to arrests and severe trauma.
The incident highlights increasing security risks for crypto holders, urging enhanced personal safety measures amidst growing physical threats linked to digital assets.
A Canadian family in Port Moody was subjected to a violent home invasion focused on cryptocurrency theft. The attackers, including Tsz Wing Boaz Chan, forcibly stole approximately $1.6 million USD in Bitcoin. This incident was meticulously planned and executed with physical violence.
The perpetrators, led by Hong Kong national Tsz Wing Boaz Chan, demanded Bitcoin and physically coerced the victims. Despite the severity, no statements from crypto leaders have been made. As noted by Global News, “High-value crypto investors targeted in Lower Mainland home invasions.” The attack stemmed from the father’s public boasting of crypto wealth.
High-value crypto investors targeted in Lower Mainland home invasions.
The assault had severe immediate effects on the victims, causing long-term financial and psychological harm. The stolen funds, totaling $1.6 million in Bitcoin, were transferred during the prolonged ordeal. However, the broader crypto markets remained unaffected.
Financial implications included the total draining of the family’s crypto holdings. The event highlights the physical risks for known high-net-worth individuals in the crypto community. There was no observable market disruption linked to the Bitcoin theft.
In similar past events, like the Ledger cofounder kidnapping, such attacks point to off-chain vulnerabilities rather than on-chain flaws. Regulatory and technological outcomes may incite further discussion on protecting crypto wealth. Lack of systemic market impact emphasizes the targeted nature of this crime.
