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273 Bitcoin Scam Suspects Arrested in Philippines

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Two hundred and seventy-three Chinese nationals were arrested in the Philippines, accused for defrauding more than one thousand investors in an alleged Bitcoin scam syndicate.

As reported by Inquirer, Philippines law enforcement agents acted on a tip from the Chinese Embassy in the country to nab the suspects. According to sources privy to the matter, Philippines law officials discovered a fraudulent crypto plot in the country, which had already conned more than 1000 Chinese investors.

Conducted a raid

The local authorities collaborated with agents from the Bureau of Immigration’s Fugitive Search Unit and officials from the Chinese Ministry of ...

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