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News Forum - Foreign gang allegedly extorts Russian couple of crypto worth US$50k in Thailand


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A Russian couple in Koh Samui in southern Thailand claims that a gang of six foreign men – including Russians, Kazakhs and a German – extorted them of cryptocurrency worth US$50,000, or 1.89 million baht. On Sunday, 31 year old Evgeny Abdullin and his wife Ekaterina Abdullin filed a complaint at Koh Samui Police Station. The couple said that six foreign men forced them into transferring them digital currency on September 15. Evgeny said he was sitting in a coffee shop in Koh Samui when six foreign men came into the cafe and encircled him. Evgeny said that a German […]

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Looks like some business dealing in the past between them. He was forced to transfer on 15th Sept. When was the report made. May be he waited for them to leave the country first then lodge the report .....many things did not match clearly...

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17 hours ago, palooka said:

Can you insure for crypto robbery?

Scam warning bells ringing are sending me deaf.

Not these people.  99.9% certain there is no insurance. Financial institutions can insure aspects of such assets such as extortion and robbery. Individuals typically cannot and do not.  The policies feature high self insured retentions, like 500,000 baht+ and high premiums - minimum 200,000 baht.  This would be a self insured loss for a larger financial institution.

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Makes zero sense to walk to a stranger and "expect" they have crypto holdings and will send them to you like that, unless you know by a fact they have any crypto at all, so this is either a lie, or they had some pending business with this very shady couple. Most Russians I met in pattaya are shady as f, I would take this with a grain of salt.

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