Man gets seven years for Port Moody home invasion linked to cryptocurrency theft

Tsz Wing Boaz Chan received a seven-year prison sentence for a violent home invasion in Port Moody, where he aimed to steal cryptocurrency. Chan's arrest occurred on April 27, 2024, following the incident, and he later pleaded guilty to charges of break and enter, sexual assault, and forcible confinement. The judge imposed the sentence last Friday, which includes a DNA sample requirement, a weapons ban, and a $50,000 restitution order. Chan, who is not a Canadian resident, was detained at Vancouver International Airport in July 2024 when he attempted to re-enter the country. Authorities believe Chan may have had accomplices, prompting ongoing investigations to identify additional suspects.

This case highlights the increasing risks associated with cryptocurrency theft, particularly as such crimes become more violent. The rise of digital currencies has led to a corresponding spike in criminal activity aimed at obtaining these assets. Law enforcement agencies are prioritizing the tracking of cryptocurrency-related crimes to deter future incidents.