Tuesday, May 30, 2023
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditons
cryptoinfostore
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184213-2.11%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%
  • RelevantRelevant(REL)$0.780.38%
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Litecoin
    • Altcoin
    • Stablecoin
    • Press Release
  • Editor picks
  • Business
  • Blockchain
  • Market Analysis
  • Live Price
  • ICO News
  • Trading
  • Regulation
  • Guide
No Result
View All Result
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Litecoin
    • Altcoin
    • Stablecoin
    • Press Release
  • Editor picks
  • Business
  • Blockchain
  • Market Analysis
  • Live Price
  • ICO News
  • Trading
  • Regulation
  • Guide
No Result
View All Result
cryptoinfostore
No Result
View All Result
Home Bitcoin

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

ADMIN by ADMIN
May 10, 2023
in Bitcoin
0
Philippines Law Enforcement Busts Crypto Scam Center, Over 1,000 Human Trafficking Victims Rescued – Regulation Bitcoin News
0
SHARES
2
VIEWS
Share on FacebookShare on TwitterShare on RedditShare on Whatsapp


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.

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

Loading

Related articles

Will Bitcoin Rise Above $30000, Or Break Below $25k?

Bitcoin Outperforms Gold, Crude Oil; Bitcoin Bull Run Ahead?

May 30, 2023
Tether CTO Defends USDT Reserves Disclosure, Plans To Undergo Full Audit

Tether Launches Tether Energy Sustainble Bitcoin Mining Operations

May 30, 2023
ShareTweetShareSend
Previous Post

Why Experts Are Putting TMS Network (TMSN) Above Solana (SOL) And Cardano (ADA) | NewsBTC

Next Post

Why is Stacks (STX) going down: Can it stay above $0.6?

Related Posts

Will Bitcoin Rise Above $30000, Or Break Below $25k?

Bitcoin Outperforms Gold, Crude Oil; Bitcoin Bull Run Ahead?

by ADMIN
May 30, 2023
0

Bitcoin News: Bitcoin (BTC), the world’s largest cryptocurrency is riding the relief rally since the beginning of 2023. BTC...

Tether CTO Defends USDT Reserves Disclosure, Plans To Undergo Full Audit

Tether Launches Tether Energy Sustainble Bitcoin Mining Operations

by ADMIN
May 30, 2023
0

Tether, the company behind USDT stablecoin, has announced another major effort towards Bitcoin after it revealed earlier to buy...

bitcoin mexico

Bitcoin (BTC) To Hit $30K As Early Signs Of Institutional Buying Appears

by ADMIN
May 30, 2023
0

Multiple Bitcoin exchange-traded funds (ETFs) including ProShares Bitcoin Strategy ETF (BITO) and Valkyrie Bitcoin Strategy ETF (BTF) jumped 5%...

On-chain Data Shows Bitcoin Price Move Past $28k Resistance

On-chain Data Shows Bitcoin Price Move Past $28k Resistance

by ADMIN
May 29, 2023
0

Bitcoin (BTC) is currently leading the crypto market’s current recovery with its sustained 1.20% growth to $27,593.35 at the...

bitcoin volatility

Bitcoin Price Shoots Amid Talks of Possible US Debt Ceiling Raise

by ADMIN
May 29, 2023
0

In the early morning trade of the Asian hours on Monday, May 29, Bitcoin (BTC) made a swift move...

Load More

Leave a Reply Cancel reply

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

I agree to the Terms & Conditions .

  • Trending
  • Comments
  • Latest
Tech Mahindra Partners With Blockchain Firm For Vaccine Tracing

Tech Mahindra Partners With Blockchain Firm For Vaccine Tracing

July 5, 2021
Ethiopian famine victims fundraise with NFTs | CoinJournal

Ethiopian famine victims fundraise with NFTs | CoinJournal

July 14, 2021
MAS and BdF test cross-border CBDC network | CoinJournal

MAS and BdF test cross-border CBDC network | CoinJournal

July 9, 2021
Taiwan to track Covid-19 vaccination using blockchain

Taiwan to track Covid-19 vaccination using blockchain

June 24, 2021
Amazon Explores Crypto, payments, blockchain

Amazon Explores Crypto Payments, Works On Blockchain Roadmap

July 24, 2021
Essential Financial Planning Tips For College Students

Essential Financial Planning Tips For College Students | Cryptocurrency News | Bitcoin News | Cryptonews | DC Forecasts.com

12
The 50th Anniversary of ‘Nixon Shock:’ How Suspending the Dollar’s Convertibility With Gold Fueled Today’s Fiat World

The 50th Anniversary of ‘Nixon Shock:’ How Suspending the Dollar’s Convertibility With Gold Fueled Today’s Fiat World – Featured Bitcoin News

8
China Is Increasingly Mining Bitcoin After Hashrate Falling To Zero

China Is Increasingly Mining Bitcoin After Hashrate Falling To Zero

8
Switzerland Considers, aml, rules, regulator, crypto, atm

Swiss Public Exchange Listed Two New Carbon-Neutral ETPs

7
Bitcoin Price Dive-Bombs on the Same Day El Salvador Adopts the Crypto Asset – Market Updates Bitcoin News

Bitcoin at two week low below $45000

7
SEC Crypto Regulation Rumors Do Little To Dampen Enthusiasm as Metacade Raises $16.4 Million Before April Exchange Launches

Metacade (MCADE) to rival Web 3.0 games

May 30, 2023
Metacade surpasses $0.024 as crypto market rallies after debt ceiling agreement

Metacade surpasses $0.024 as crypto market rallies after debt ceiling agreement

May 30, 2023
As Bitcoin Transaction Fees Soar, DigiToads Presale Attracts an Impressive Influx of Whale Investors | NewsBTC

As Bitcoin Transaction Fees Soar, DigiToads Presale Attracts an Impressive Influx of Whale Investors | NewsBTC

May 30, 2023
Online Betting Decentralized: Chancer Announces P2P Betting Without the House | NewsBTC

Online Betting Decentralized: Chancer Announces P2P Betting Without the House | NewsBTC

May 30, 2023
Tether invests in sustainable Bitcoin mining in Uruguay

Tether invests in sustainable Bitcoin mining in Uruguay

May 30, 2023

Don't Miss

FXT

FXT BEP-20 Token to be listed on the ProBit, BigONE and Biconomy Exchange Platforms | NewsBTC

July 24, 2021
With Almost 90 Million AMB Staked In The First Week Of The Release Of Arcadia Staking, Ambrosus Ecosystem Helps Drive Global Adoption Of Decentralized Finance | NewsBTC

With Almost 90 Million AMB Staked In The First Week Of The Release Of Arcadia Staking, Ambrosus Ecosystem Helps Drive Global Adoption Of Decentralized Finance | NewsBTC

November 30, 2021
ARB, APT ,LRC soar as altcoins mirror ETH breakout to $2.1k

ARB, APT ,LRC soar as altcoins mirror ETH breakout to $2.1k

April 14, 2023
UNI Hits 1-Week High, XRP 10% Higher – Market Updates Bitcoin News

UNI Hits 1-Week High, XRP 10% Higher – Market Updates Bitcoin News

November 15, 2022
cryptoinfostore

We publish a comprehensive news feed covering all news relevant to the crypto user, covering main industry news, politics, and regulation as well as consumer-level “news you can use” (practical stuff), including handy DIY tips, links to useful tools, unbiased reviews and opinions revolving around cryptocurrency.

Categories

  • Altcoin (1,661)
  • Bitcoin (11,073)
  • Blockchain (507)
  • Business (599)
  • Editor picks (10)
  • Ethereum (7,945)
  • Guide (108)
  • ICO News (19)
  • Litecoin (68)
  • Market Analysis (4,729)
  • Press Release (53)
  • Regulation (615)
  • Ripple (307)
  • Stablecoin (259)
  • Trading (219)

Recent Posts

Metacade (MCADE) to rival Web 3.0 games

Metacade surpasses $0.024 as crypto market rallies after debt ceiling agreement

As Bitcoin Transaction Fees Soar, DigiToads Presale Attracts an Impressive Influx of Whale Investors | NewsBTC

Online Betting Decentralized: Chancer Announces P2P Betting Without the House | NewsBTC

Newsletter

    • About Us
    • Contact Us
    • Privacy Policy
    • Terms & Conditons

    cryptoinfostore.com © 2021 All rights reserved.

    No Result
    View All Result
    • Crypto News
      • Bitcoin
      • Ethereum
      • Ripple
      • Litecoin
      • Altcoin
      • Stablecoin
      • Press Release
    • Editor picks
    • Business
    • Blockchain
    • Market Analysis
    • Live Price
    • ICO News
    • Trading
    • Regulation
    • Guide

    cryptoinfostore.com © 2021 All rights reserved.

    • TadpoleTadpole(TAD)$7.32-1.74%
    • SEENSEEN(SEEN)$2.05-2.27%
    • EvedoEvedo(EVED)$0.082301-0.80%
    • MarginswapMarginswap(MFI)$0.184213-2.11%
    • SakeTokenSakeToken(SAKE)$0.0127135.28%
    • WTF TokenWTF Token(WTF)$0.0113500.17%
    • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
    • RobotinaRobotina(ROX)$0.00266138.50%
    • CageCage(C4G3)$0.005010-3.67%
    • RelevantRelevant(REL)$0.780.38%
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.