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Crypto Crime: Six Men Arrested By Crypto Theft In Philippines

Six accomplices of the main criminal were arrested yesterday for the theft of P5 millions in cryptocurrency. The six men are Chinese foreigners that entered the country to improve their lives and for the promise of good and honest jobs. The intellectual planner is still on the loose. Crypto crime is on the rise lately.

Crypto Crime: Six Henchmen Arrested

The arrest happens after a Chinese national complained to the police saying that all of his internet money was gone. About what happened he identified the six subjects by faces and names: Cheu Zhi Pens, Xu Bao Yi, Chen Xiao Yu, Zhou Jin Lian, Wu Zhao Hua, and Lai Ze Lin.
Crypto Crime: Six Men Arrested By Crypto Theft In PhilippinesQuickly the police searched and retrieved the suspects for questioning. But what they found was that these subjects had been manipulated by a seventh guy. Chen Yi, another Chinese foreigner brought them to the country and promised them regular good jobs. The police are still on the lookout for this man.
While the subjects did not do anything wrong, police took them to the embassy for further processing. This was the result of a special operative that tackled drug dealers and other major felons in Pasay City.

Crypto Crime Exacerbated

Crypto Crime: Six Men Arrested By Crypto Theft In PhilippinesWhile bitcoin and other cryptocurrencies are more popular by the day, the amount of crime and wrongdoings associated with it grows bigger. But most crimes are criptojacking attempts. Crimes that don’t need to have physical contact between the victim and the criminal.
This kind of cryptocurrency crime includes physical contact and even violence, a thing that is really rare in this world. Noel Flores, head of the Pasay City Police, has declared that:

“We will always continue our mandate in serving the Pasay City through our relentless anti-criminality and anti-illegal drugs operation with the observance of human rights in all our police operations in order to maintain peace and order and public safety,”

Last week also a high profile crypto crime reached the light making the headlines. Four friends were conducting their drunk friend to their house. No one knows how things went south, and the group finished torturing one of their friends to take his cryptocurrency info and his money.
Without a doubt, cryptocurrency related crime is a real thing: police officers are getting special treatment for dealing with these innovative crimes. The same Philippines government deported a South Korea national that scammed more than $30 million with a scam crypto scheme.

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