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Bitcoin trader on the run cnn

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Bitcoin trader on the run cnn

Bitcoin trader facing death penalty after Thai navy boards cabin of fugitive 'seasteaders'

Elwartowski and Ocean Builders say the spar was in international waters and beyond Thailand's jurisdiction. Thai authorities say the structure is in its mile exclusive economic zone and therefore a violation of its sovereignty. The navy said they have evidence that the floating home was built in a private boatyard in Phuket and said the couple wanted to establish a "permanent settlement at sea beyond the sovereignty of nations by using a legal loophole".

It said the action "reveals the intention of disobeying the laws of Thailand as a littoral state and could lead to a creation of a new state within Thailand's territorial waters In an email reply to Reuters, Elwartowski referred all questions to the Seasteading Institute and pointed to online statements from the Ocean Builders website.

The group said that the pair, both active bitcoin investors, did not build, invest in or design the floating home themselves but were "volunteers excited about the prospect of living free," documenting their lives as "pioneer seasteaders" off the coast of Phuket. According to Ocean Builders, the concept of "seasteading" has been discussed for years but the cabin Elwartowski and Supranee lived on was the first attempt at living in what it described as international waters.

Other groups, such as the Seasteading Institute, which was originally backed by PayPal co-founder Peter Thiel, have sought to build floating cities with the cooperation of host nations. IE 11 is not supported. For an optimal experience visit our site on another browser. Coronavirus Politics U. Follow NBC News. Scaramucci: Bitcoin is due for a correction.

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Bitcoin tops $20,000 milestone and continues to surge to record highs (15 Videos)

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