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 . Apr 23, · An American bitcoin trader built a floating house off Thailand's coast in an attempt to gain independence. Authorities destroyed his home and he now faces the death penalty. Apr 19, · An American bitcoin trader and his girlfriend could face the death penalty after they were accused of threatening Thailand's sovereignty by building and living in a "sea home" off the coast of.
American bitcoin trader thailandUS bitcoin trader and girlfriend could face death penalty over Thai 'seastead' - CNN Video
The structure is made up of an octagon platform sitting atop a 20 metre long pillar and lies 12 nautical miles from the shore. Elwartowski, who worked as a software engineer for the US military in Afghanistan, Germany and South Korea before accumulating his wealth through investing in cryptocurrency Bitcoin, is part of Ocean Builders, a community of entrepreneurs who aim to build seasteading communities.
We just want to live. The structure, which was rooted to the floor but could be floated to new waters , was placed in the sea near Racha Yai island in Thailand in February but it was only discovered by Thai navy officers this week. Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today. Please enter your email address Please enter a valid email address Please enter a valid email address.
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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.