A 23-year-old Ukrainian tourist in Phuket, Thailand, was kidnapped and forced to transfer $250,000 in USDT stablecoins (about 8.56 million baht) to two armed robbers. Viacheslav Leibov was threatened with violence until he complied with the robbers’ demands. Initially, the two robbers, an Armenian and a Ukrainian, demanded $500,000 in USDT but agreed to settle for half the amount. After tying Leibov to a bed and warning him not to report the incident, the robbers fled with the stolen cryptocurrency. Leibov reportedly filed a report with Thai police after shortly after freeing himself.

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