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International Business Times UK
International Business Times UK
Business
Will Lorca

Tortured for $1.6M Bitcoin: Parents Waterboarded as Daughter Was Forced to Strip Naked

Police warn that crypto investors who boast about their wealth are being profiled and targeted by organised international crime groups. (Credit: Credit: Canva.com)

A British Columbia family has lost their entire life savings—US$1.6 million (£1.2 million)—after a terrifying 13-hour home invasion. The assault involved waterboarding, forced nudity, and threats to their safety, all in an effort to steal their cryptocurrency holdings.

The incident took place in Port Moody in April 2024, revealing an alarming trend of organised international crime targeting cryptocurrency investors. In November, one attacker—a Hong Kong man recruited specifically for the crime—was sentenced to seven years in prison. However, three accomplices remain at large, and police warn this case may be just one example of a larger network.

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