A Ukrainian man reportedly lost $500,000 in money USDT after being set up for a robbery in a hotel room in Thailand.
The Bangkok Post reports that Viacheslav Leibov, 23, told Thai police that a friend of his had invited him to visit a hotel room in Phuket when criminals wearing masks accosted him.
The criminals tied him up with ropes and cable ties and demanded that he transfer $500,000 worth of Tether’s stablecoin USDT or they would break his fingers. They were armed with a hammer and a ‘long’ knife.
After he made the transfer, they tied him to a bed and warned him not to report the crime before fleeing. He managed to free himself and lodge a report at a police station in Kamala.
In an update, the Bangkok Post reports that police have arrested the four suspects involved in the crime: Arman Grigoryan, 21, an Armenian, Alfred Chernyshuk, 18, a Ukrainian, Ruslan Musaiev, 22, a Ukrainian, and Mraz Atoian, 21, a Russian.
Police said they arrested the suspects in a hotel room in Phang Nga, a nearby province.
During interrogation, the suspects allegedly told police that they had tried to hire a driver to go to Malaysia, but the driver refused, so they were given hotel rooms.
Police say the victim had known one of the suspects for a long time and had met through crypto trading. The friend and suspect allegedly decided to rob him with the help of the three other suspects after learning how many digital assets he had.
The four suspects are being held and are charged with armed robbery and illegal detention and confinement of another person.
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