Close Menu
    X (Twitter)
    Blockchain Journal
    • News
      • Blockchain News
      • Bitcoin News
      • Ethereum News
      • NFT
      • DeFi News
      • Polkadot News
      • Chainlink News
      • Ripple News
      • Cardano News
      • EOS News
      • Litecoin News
      • Monero News
      • Stellar News
      • Tron News
      • Press Releases
      • Opinion
      • Sponsored
    • Price Analisys
    • Learn Crypto
    • Contact
    • bandera
    Facebook X (Twitter) Instagram
    Blockchain Journal
    Home » Owners of a houseboat built for bitcoins are facing the death penalty in Thailand

    Owners of a houseboat built for bitcoins are facing the death penalty in Thailand

    0
    By BlockchainJournal on April 18, 2019 News
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Cryptocurrency investors Chad Elvartovski and Nadya Summergergerl, who built the houseboat for trading income, started off on the run. Thai authorities accuse them of violating the country's sovereignty, writes the Bangkok Post portal.

    According to a report by the Thai border guards, the empty house of Chad and Nadi was discovered at a distance of 12 nautical miles from the coast of Phuket.

    “Our fleet found a floating concrete box without inhabitants. A lawsuit has been filed with the charges under Article 119, ”the official statement reads.

    In turn, Chad Elvartovski insists that their house was located 13 miles from the border, that is, was in neutral waters and did not obey the laws of any country.

    However, the official claim against the couple has already been confirmed by the Phuket police. If Elvartovsky and Summergerl are found guilty, they could face the death penalty. Thai authorities stress that the promotion of floating houses "threatens the sovereignty and integrity of the country."

    Construction of the house cost the enthusiasts $ 150 thousand.

    Recall that in May 2018, a group of philanthropists, scientists and investors in partnership with the Government of French Polynesia developed a project of a sovereign floating state in the Pacific Ocean that would use its own Varyon cryptocurrency for calculations.

    Subscribe to the BlockchainJournal news in Telegram: BlockchainJournal Live – the entire news feed, BlockchainJournal – the most important news and polls.

    << aside id = "unisender_subscribe_form-10" class = "widget unisender_form">

    BlockchainJournal.news

    BlockchainJournal.news

    Featured House Report
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    BlockchainJournal

    Related Posts

    Kraken Secures $500 Million in New Funding Round, Boosting Its Total Valuation

    September 26, 20252 Mins Read

    Trump’s Tariffs and Weak GDP Sink Markets: Crypto ETFs See Massive Outflow

    September 26, 20252 Mins Read

    Tether Dominance Sparks Concern After Reaching Its Highest Level in Two Months

    September 26, 20252 Mins Read

    Moody’s Warns of Serious Risks in Cryptocurrency Adoption for Emerging Markets

    September 26, 20252 Mins Read

    Crypto Market Contracts: Risk-Off Sentiment Dominates the Markets

    September 26, 20252 Mins Read

    DBS Hong Kong Warns New Stablecoin Regulation Will Limit Derivatives Trading

    September 26, 20252 Mins Read

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 Blockchain Journal

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.