A new cryptocurrency crime occurred in a shopping mall parking lot in Bangkok, where three victims were robbed. They were attacked by five assailants while preparing to exchange cryptocurrency assets worth $100,000.
The criminals may have been involved in setting up the cryptocurrency transaction, similar to an incident that occurred in Phuket last November. Thai authorities are searching for the perpetrators.
Bangkok Cryptocurrency Transaction Breakdown
Cryptocurrency crime is currently at a pandemic level, which can manifest in very bizarre ways. This recent incident in Bangkok is a good example in that cryptocurrency was not directly involved.
Instead, the victims had gathered 3.4 million baht (approximately $100,000) to attempt an in-person transaction, which was clearly a mistake:
Police hunt 5 robbers after ฿3.4m crypto deal turns violent in Bangkok mall car park
— Bangkok Lad (@bangkoklad) June 30, 2025
In a shocking incident at Central Plaza Ladprao, thieves stole ฿3.4m during a planned cryptocurrency transaction, escaping in a Honda car. pic.twitter.com/PyLNKlnsk3
Unfortunately, other relevant details are seriously lacking. Local authorities are searching for the attackers and have much information about the getaway vehicle. However, the vehicle may have been stolen.
Also, since this Bangkok theft is not related to cryptocurrency, there is no way to monitor blockchain data. The perpetrators only need to launder the cash, which can be very easy.
Cryptocurrency theft has also occurred recently in Thailand, far from Bangkok. In November 2024, a Ukrainian man was robbed in Phuket, an island located in the southernmost part of the country.
Four men kidnapped him and demanded 250,000 USDT. After they left, the victim escaped and reported to the police.
One of these four robbers was someone who had previously traded with the victim and had purchased USDT multiple times. We hope this 2024 incident provides a crucial link to today's Bangkok cryptocurrency theft.
Particularly, it seems highly likely that the cryptocurrency sellers and robbers are colluding or are the same people.
Since cryptocurrency ATMs are not widespread in Thailand, these Bangkok men needed another intermediary to exchange cash for tokens.
The person who proposed the transaction would have had enough information to plan the robbery. This theory seems more plausible than the attackers coincidentally encountering men carrying cash bags in a public place.
Recent Cryptocurrency Crime Stories
BeInCrypto is diligently covering this wave of cryptocurrency crimes, whether violent or non-violent:
- The cryptocurrency kidnapping case in France continued in June, shocking the nation. Police arrested several masterminds in Morocco and hope the attacks will end, but remaining organization members or copycats continue terrible attacks.
- North Korean hackers are attacking both sides of the recruitment process, targeting cryptocurrency industry job seekers and impersonating fake candidates. Pepe founder Matt Furie lost over $300,000 after hiring a hacker for an IT role, and Favrr lost $680,000 after appointing a North Korean infiltrator as CTO.
- Shockingly, low-level crime is achieving great success in the United States thanks to social engineering. Multiple criminals have scammed millions of dollars from users, but it was very easy for law enforcement to track. One thief stole $4 million and lost almost all the money to gambling addiction.
- Despite all these crimes, authorities are investigating, and with cooperation from 15 countries, they have dismantled an international fraud ring that stole $540 million from victims worldwide.
