Michaela
Three individuals were robbed of 3.4 million baht, approximately $100,000 in cash, by a group of armed assailants in the parking lot of a popular mall in Lat Phrao, Bangkok. The crypto deal is the latest in a growing series of digital asset-related crimes reported in recent months.
According to the local daily newspaper Thai Rath, the robbery took place at approximately 8:00 p.m. on June 30, 2025. Initial reports indicate the incident occurred on the second floor of the mall’s parking structure, with the five suspects, armed with guns and knives, fleeing the scene in a grey Honda Civic.
The victims were reportedly preparing to use the $100,000 in cash to purchase cryptocurrencies when the assailants attacked, stole the funds, and fled the scene.
The suspects are believed to have been involved in orchestrating the purported cryptocurrency transaction. Moreover, because the exchange involved only cash and no actual crypto transfer, authorities are unable to trace the incident via blockchain data, complicating efforts to identify the perpetrators, despite having information on the getaway vehicle.
Due to the limited availability of crypto ATMs, physical machines that enable users to buy or sell cryptocurrencies using cash or debit cards, some individuals have resorted to conducting cryptocurrency transactions in person using cash.
Crypto Deal Among Latest in Rising Crypto Crime Wave
This crypto deal gone wrong is the latest in a growing series of crypto-related crimes reported in recent months. The rise in such incidents has sent ripples through the crypto community, prompting insurance providers to reevaluate their risk assessments and implement enhanced measures to better protect clients during in-person transactions.
In January of this year, Thailand was thrust into the spotlight following the mysterious disappearance of Chinese actor Wang Xing, whose case initially sparked fears of abduction linked to a notorious scam syndicate in Myanmar.
The actor had traveled to Thailand for what was believed to be a standard television project but vanished shortly after arriving in Mae Sot, a border town near Myanmar. Concern escalated when his girlfriend reported losing contact with him after he boarded a vehicle from Bangkok, fueling widespread speculation that Wang may have been targeted by human traffickers or cybercrime networks operating along the Thai-Myanmar border.
The incidents involving Wang Xing and the three recent robbery victims spotlight a broader and deeply concerning trend. Organized crime and scam operations have surged across Southeast Asia, raising serious alarms among regional authorities and international observers alike.
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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
