Richmond RCMP: Charges approved in complex case involving theft of $10 million in cryptocurrency

ON September 13, 2022, Richmond RCMP embarked on a lengthy and complex investigation stemming from a home invasion.

It is alleged that multiple suspects with weapons forcibly entered a couple’s home located in north Richmond. Some suspects impersonated police officers. The couple, a middle-aged man and woman, were assaulted, bound, and held for multiple hours.

The suspects fled with approximately 10 million dollars in cryptocurrency and a number of luxury items. The victims sustained non-life-threatening injuries and were badly shaken up.

Police were notified of what had transpired after the suspects had departed.

Richmond RCMP’s Serious Crimes Unit took the lead in the investigation with much of the cryptocurrency expertise arising from their Economic Crime Unit. Also assisting them was the National Crypto Currency Support Unit.

Recent approval of criminal charges in a complex police investigation highlights enhanced police training and capabilities in cryptocurrency theft and fraud investigations, Richmond RCMP noted.

The Prosecution Service of BC has approved 11 charges against 34-year-old Mr. Jin Da Xing of Richmond. He is currently remanded in custody and awaiting trial.

“There have been many technological breakthroughs through the last five to 10 years in the digital forensics field. It has taken time and resources to mobilize and establish this type of expertise. I am proud to say that we saw the need for this type of expertise in the past and hedged towards the future,” said Richmond RCMP Chief Superintendent Dave Chauhan.

“Our Serious Crimes Unit and Economic Crime Unit have been working on this investigation for over a year. They have done an exceptional job with the investigation, leading to an arrest with many very serious charges, and the recovery of the bulk of the stolen $10 million in cryptocurrency. As well, investigators have provided consistent support to the victims of this heinous act.”

Xing has been charged with:

* 1 count of break and enter to a dwelling house
* 1 count of robbery with a weapon
* 2 counts of unlawful confinement
* 1 count of using an imitation firearm while committing robbery
* 2 counts of assault with a weapon
* 1 count of extortion
* 1 count of assault
* 1 count of possession stolen property over $5,000
* 1 count impersonating a peace officer