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Chinese Businessman Murdered in Turkey in Suspected Crypto Heist

Published: Feb. 26, 2026  9:14 p.m.  GMT+8
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Photo: IC photo
Photo: IC photo

The body of a 38-year-old Chinese businessman, identified only by his surname Wang, was found in a rural area of Turkey’s largest city, Istanbul, following a kidnapping plot allegedly tied to cryptocurrency theft.

Turkish police have identified 10 suspects in connection with the murder, one of whom is a woman. Authorities issued arrest warrants through Interpol, and all 10 individuals have since been apprehended in China.

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This is an AI-generated English rendering of original reporting or commentary published by Caixin Media. In the event of any discrepancies, the Chinese version shall prevail.
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Explore the story in 30 seconds
  • A 38-year-old Chinese businessman, Wang, was kidnapped and murdered in Istanbul, Turkey, in a plot tied to cryptocurrency theft.
  • Ten suspects, including one woman, were identified and apprehended in China after Interpol issued arrest warrants.
  • The assailants kidnapped Wang, seized his cryptocurrency cold wallet, and fled Turkey after the crime.
AI generated, for reference only
What Happened When
January 16, 2026:
Several suspects traveled from China to Istanbul, allegedly claiming Wang had defrauded them.
January 19, 2026:
The suspects tracked Wang from Istanbul Airport and observed him dining with a female friend. After leaving the restaurant, Wang was forced into a separate car by four suspects.
Around January 21, 2026:
The assailants seized Wang's cryptocurrency cold wallet and fled Turkey.
January 24, 2026:
Wang's lawyer filed a missing-person report with local police.
After January 24, 2026:
Investigators found Wang’s vehicle in a field in Arnavutkoy district, excavated the site, and discovered Wang’s buried remains.
As of article reporting:
All 10 suspects were apprehended in China by police.
AI generated, for reference only
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