CustodyStress
Archive › Physical coercion
Part of the CustodyStress archive of observed Bitcoin custody incidents
CS-01295

He fled to Hong Kong on 1 May 2024 but was arrested on return to Canada on 25 July 2024

Blocked
Case description
The April 2024 Port Moody home invasion was extensively pre-planned: the gang had placed surveillance cameras outside the family's home in the days beforehand. One of the four attackers, Tsz Wing Boaz Chan—a 35-year-old from Hong Kong—had been recruited by an acquaintance and flown to Canada specifically for the operation, arriving on 5 April 2024. Chan was paid approximately CA$50,000 for his role. He fled to Hong Kong on 1 May 2024 but was arrested on return to Canada on 25 July 2024 when his DNA was matched to evidence from the scene. Chan was sentenced to seven years in prison. The three other attackers and the person who ordered the crime by phone remained at large as of 2025.
Custody context
Stress conditionPhysical coercion
Custody systemHardware wallet (single key)
OutcomeBlocked
DocumentationUnknown
Year observed2024
CountryCanada
Structural dependencies observed
Biometric or physical presence
What this illustrates
Access required in-person verification that couldn't be arranged under the circumstances. Access was not recoverable.
Outcome interpretation
Access was not possible under the reported conditions.
Source
Publicly Reported
Evidence type
News article
Evidence link
https://decrypt.co/349901/bitcoin-heist-family-members-waterboarded-sexually-assaulted-steal-1-6-million
Related cases involving physical coercion
A Turkish national who had travelled to Hong Kong to conduct a cryptocurrency OTC trade
Hardware wallet (single key) · 2025 Blocked
The analysis noted that attacks were no longer the exclusive domain of
Hardware wallet (single key) · 2025 Constrained
Europe accounted for over 40% of global incidents, with France alone recording 19
Hardware wallet (single key) · 2025 Constrained
105 cases involve physical coercion 274 cases involve hardware wallet (single key) View archive statistics →
This archive documents observed custody survivability failures. It does not attempt to document all Bitcoin losses or security incidents. Submit a case
← All cases
Framework references
Where Bitcoin Custody Intersects Legal and Fiduciary Authority
Where custody creates gaps in estate planning, fiduciary duty, and professional responsibility.
Professional Scope Boundary Matrix
What each professional or product covers, what they do not, and where gaps form between them.
The Independent Assessment Layer in Bitcoin Custody
How independent diagnostic layers emerge when multiple parties depend on shared infrastructure.
Terms guide
Outcome terms
Survives
Access remained possible under the reported conditions.
Constrained
Access remained possible, but only with delay, dependence, or significant difficulty.
Blocked
Access was not possible under the reported conditions.
Indeterminate
There was not enough information to determine the outcome.
Structural terms
Single-person knowledge
Recovery depended on information or capability held by one individual who was unavailable.
Institutional dependence
Recovery depended on a third-party institution or service that was inaccessible or uncooperative.
Documentation gap
Recovery depended on instructions that were missing, incomplete, or unclear.
Authority mismatch
The person with legal authority to act did not have operational access, or vice versa.
Original text
Rate this translation
Your feedback will be used to help improve Google Translate