Seven year sentence handed down for Port Moody home invasion tied to cryptocurrency theft

A man who carried out a violent home invasion in Port Moody last year as part of an attempt to steal cryptocurrency has been sentenced to seven years in prison. Court records show Tsz Wing Boaz Chan entered a guilty plea to break and enter, sexual assault and forcible confinement in connection with the April 27, 2024 incident.

Port Moody Police say Chan was taken into custody last summer when he returned to Canada through Vancouver International Airport. Investigators allege the motive behind the robbery was the theft of digital currency, though police have not released information about the victims or the value of the assets targeted.

The sentence, delivered last week by a judge in Port Coquitlam, includes a weapons prohibition, an order to provide a DNA sample and a restitution requirement of 50,000 dollars. Police say Chan has remained in custody since his arrest.

Constable Sam Zacharias says officers believe additional suspects may have been involved and that efforts to identify and locate others connected to the case remain underway. The incident is among several recent property crime investigations in Metro Vancouver where digital assets have been the focus, a trend police say reflects the growing risks associated with cryptocurrency-related fraud and targeted thefts.