Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • IC DAO
No Result
View All Result
Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • IC DAO
No Result
View All Result
Invest In Crypto News
No Result
View All Result

Philippines Law Enforcement Busts Crypto Scam Center, Over 1,000 Human Trafficking Victims Rescued – Regulation Bitcoin News

CryptoExpert by CryptoExpert
May 10, 2023
in Regulation
0
Philippines Law Enforcement Busts Crypto Scam Center, Over 1,000 Human Trafficking Victims Rescued – Regulation Bitcoin News
  • Facebook
  • Twitter
  • Pinterest


You might also like

What to Look For Before You Place Your First Bet

Brazil Bans 27 Prediction Platforms, Including Kalshi and Polymarket

BSB Price Explodes 60% Intraday as RWA Narrative Turns Structural

Over 1,000 human trafficking victims were recently rescued from a “fraud factory” in Mabalacat, a town located nearly 90 kilometers northwest of Manila, Philippines law enforcement has said. Michelle Sabino from the Philippine National Police Anti-Cybercrime Group said trafficking victims use social media platforms such as Facebook to lure unsuspecting individuals.

Cryptocurrency Scams

According to Philippines law enforcement, over 1,000 human trafficking victims were rescued following a recent raid on a compound in Mabalacat, approximately 90 kilometers northwest of the capital, Manila. According to officials, many of the trafficking victims came from Vietnam, China, Indonesia, the Philippines, Nepal, Malaysia, Myanmar, Thailand and Taiwan.

As per a VOA report, the trafficking victims were forced to perpetrate cryptocurrency scams during shifts that lasted up to 18 hours per day. Michelle Sabino, a member of the Philippine National Police Anti-Cybercrime Group, is quoted in the report explaining how the trafficking victims used social media platforms such as Facebook to lure unsuspecting individuals. The victims themselves were reportedly lured by the promise of employment.

“They were lured by social media posts promising good-paying jobs only to get trapped in these compounds that had armed guards to keep them from leaving,” Sabino explained.

okex

The Indonesian Tip-Off

The Philippines law enforcement’s raid on the compound in Mabalacat on May 4 and 5 came after it reportedly received a tip from Indonesian officials who were inundated with pleas from trafficking victims’ families. According to the report, most of the trafficking victims are university-educated individuals with social media skills. The Global Anti-Scam Organization said the so-called online “fraud factories” are known to prefer employing English and Chinese-speaking individuals.

Meanwhile, the report also noted that while the fraud factories in the Philippines were generally thought to be located in remote areas, a recent hearing in the country’s legislature revealed that criminals are also setting them up in urban areas. While trafficking victims are sometimes given the opportunity to buy themselves out, many remain trapped because their families cannot afford the demanded fees.

What are your thoughts on this story? Let us know what you think in the comments section below.

Terence Zimwara

Terence Zimwara is a Zimbabwe award-winning journalist, author and writer. He has written extensively about the economic troubles of some African countries as well as how digital currencies can provide Africans with an escape route.



Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

More Popular News

In Case You Missed It



Source link

  • Facebook
  • Twitter
  • Pinterest
Tags: Bitcoin
CryptoExpert

CryptoExpert

Recommended For You

What to Look For Before You Place Your First Bet

by CryptoExpert
April 26, 2026
0
Coinpedia - Fintech & Cryptocurreny News Media

The 2026 World Cup is shaping up differently. Forty-eight teams instead of thirty-two, three host countries, and a qualifying cycle that brought in a few unexpected names —...

Read more

Brazil Bans 27 Prediction Platforms, Including Kalshi and Polymarket

by CryptoExpert
April 26, 2026
0
Cointelegraph

Brazilian authorities have moved to shut down 27 prediction market platforms, including Kalshi and Polymarket.The decision, announced Friday, follows a directive from the Ministry of Finance and enforcement...

Read more

BSB Price Explodes 60% Intraday as RWA Narrative Turns Structural

by CryptoExpert
April 25, 2026
0
Coinpedia - Fintech & Cryptocurreny News Media

The BSB price didn’t just move but it snapped this week and recent 60% intraday surge is another impressive run. What we observed is an staggering 300% climb...

Read more

CFTC Sues New York Over bid to Apply Gambling Laws to Prediction Markets

by CryptoExpert
April 25, 2026
0
Cointelegraph

The Commodity Futures Trading Commission (CFTC) has filed a lawsuit against New York to stop the state from applying its gambling laws to federally regulated prediction market platforms,...

Read more

South Africa’s Aggressive New Capital Flow Rules

by CryptoExpert
April 25, 2026
0
South Africa’s Aggressive New Capital Flow Rules

Key Takeaways South African Treasury draft rules require visitors to declare crypto or face up to 5 years in prison. New 2026 capital flow laws grant officials invasive...

Read more
Next Post
Daily Revenue Hit 5-Year High at $17M

Daily Revenue Hit 5-Year High at $17M

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

Sitemap

  • Market Cap
  • Donations
  • Trading
  • Mining
  • Contact

Legal Information

  • Privacy Policy
  • Anti-Spam Policy
  • Copyright Notice
  • DMCA Compliance
  • Social Media Disclaimer
  • Terms Of Service

Categories

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

© Copyright 2024 InvestInCryptoNews.com

No Result
View All Result
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • IC DAO

© Copyright 2024 InvestInCryptoNews.com

This website is using cookies to improve the user-friendliness. You agree by using the website further.

Privacy policy
bitcoin
Bitcoin (BTC) $ 78,018.00
ethereum
Ethereum (ETH) $ 2,358.36
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 1.42
bnb
BNB (BNB) $ 634.36
usd-coin
USDC (USDC) $ 0.999879
solana
Solana (SOL) $ 86.43
tron
TRON (TRX) $ 0.323664
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.02
staked-ether
Lido Staked Ether (STETH) $ 2,265.05

Pin It on Pinterest

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?