A Chinese national was kidnapped and extorted for $2 million in cryptocurrency in Cambodia but was killed after the ransom demand failed.

According to Cambodian media outlet Kohsantepheap Daily, Yang Weixin, a 53-year-old Chinese national and real estate company owner, was kidnapped by a criminal gang in Phnom Penh. On the early morning of May 30, suspects used the victim’s mobile phone to demand $2 million worth of cryptocurrency from his wife. After failing to receive the ransom, they murdered the victim and dumped his body inside a car. Surveillance footage shows that three suspects forcibly abducted the victim from the parking lot of his residence on the evening of May 29. Local police have confirmed the case as a kidnapping-for-ransom resulting in death, and the investigation is ongoing.