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NBI Busts Crypto and Phishing Scam Operation in Parañaque City
Abstract：NBI nabbed eight Chinese nationals for crypto scams phishing, cryptocurrency fraud, and social engineering.
Eight Arrested in Major Phishing Bust
MANILA – The National Bureau of Investigation (NBI) arrested eight Chinese nationals involved in a cryptocurrency and phishing scam in Parañaque City. In a press release on Wednesday, the NBI named the suspects as Xiao Li, Chuan Zi Gao, Ming Ru Li, Wen Shu Liu, Qui Shun Li, Cai Li Pan, Changfu Liu, and Zhang Zhen. A ninth suspect, Hwang Xiaobin, remains at large.
Related News:
NBI Director Jaime Santiago revealed that the suspects orchestrated various cybercrimes, including investment fraud, crypto asset scams, romance scams, and identity theft. Their operations heavily relied on social engineering techniques and digital communication tools.
WSSECD Granted for Raid in Parañaque City
After weeks of surveillance, the Regional Trial Court of Parañaque City granted a Warrant to Search, Seize, and Examine Computer Data (WSSECD) on January 14. This paved the way for a raid conducted by NBI operatives and the Digital Forensic Laboratory (DFL) on January 17.
During the operation, DFL representatives found evidence on-site, including transcript templates used for phishing and social engineering schemes. Additionally, financial transactions linked to cryptocurrency scams were uncovered during the forensic examination of seized laptops and desktops.
Charges Filed for Cybercrime and Fraud
The suspects now face charges for violating Republic Act No. 10175, the Cybercrime Prevention Act, Republic Act No. 12010, or The Anti-Financial Account Scamming Act (AFASA). These charges have been formally filed with the Parañaque City Prosecutors Office.
Final Thoughts
This successful operation underscores the NBI's commitment to combating cybercrime, particularly in Parañaque City. As scams involving cryptocurrency and phishing become more sophisticated, authorities remain vigilant in safeguarding the public from fraud. Public awareness and caution in online transactions are essential to counter these threats effectively.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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