Bitcoin investment loss leads to domestic shootout and police standoff

A loss incurred in a Bitcoin (BTC) investment in Thailand resulted in a man shooting his wife and then having a six hour-long standoff with local police forces.

According to a Sept. 18 report by local news outlet Thaiger, the 35-year-old husband named Kritsada shot his 31-year-old wife Pitsamai with a handgun and barricaded himself in their home. He surrendered to the authorities after a six-hour standoff with the police that included negotiations involving his sister.

Officer Manas Atthadod from Uthai Police Station explained that the man — who also shot himself in the leg — attempted to kill his wife after she asked him for separation following his loss of 700,000 baht (under $19,500) in Bitcoin investments. The man regularly visited his wife following separation — partly due to his fear of her cheating — and on the night of the incident she opposed him when he tried to reconcile and shot her

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The man’s .38 caliber handgun was seized by the authorities, and following treatment at a local hospital he was taken to a holding cell. He was purportedly under enough psychological stress to render his interrogation impossible so far. He is facing charges for unlicensed possession of a firearm and ammunition as well as attempted murder of his wife.

The wife was treated for injuries with the firearm and continues to be under observation by medical professionals.

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