Apr 18, · An American bitcoin entrepreneur could be facing the death penalty after Thailand’s navy accused him of violating the country’s sovereignty by building a “sea home’’ off the coast of Phuket. Apr 20, · Friday 19 April The “First Seasteaders”, American bitcoin trader Chad Elwartowski and his girlfriend Nadia Supranee Thepdet, may Author: Victoria Gagliardo-Silver. Apr 24, · Key Points Thailand's navy has towed a floating home owned by an American bitcoin trader and his Thai girlfriend, according to multiple reports. Chad Elwartowski and his .
American bitcoin trader thailandUS bitcoin trader and girlfriend could face death penalty over Thai 'seastead' - CNN Video
The couple were no aboard at the time. Ocean Builders and Elwartowski had plans to expand the seastead, which they had called XLII, beyond just the one home. In April, a call was put out for investors to help build another 20 floating seastead homes in the Andaman sea, claiming he had almost 70 interested investors, though the plans have now been paused.
The Thai navy said in their statement that these plans amounted to an attempt to build another state in sovereign Thai maritime territory.
It affects our sovereignty. Facebook Twitter Pinterest. Topics Thailand. Read more about the couple's seastead home and the Thai Navy's response in Sky News' report. Skip Navigation. Markets Pre-Markets U. Key Points. Thailand's navy has towed a floating home owned by an American bitcoin trader and his Thai girlfriend, according to multiple reports.
Chad Elwartowski and his partner Supranee Thepdet lived in the cabin roughly 15 miles from the Thai coast in a self-professed bid to avoid the Thai government's jurisdiction. Authorities have revoked Elwartowski's visa and charged the couple for violating Thai sovereignty — an offense punishable by the death penalty or life imprisonment.