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Cryptocurrency holders are once again targeted — this time in the Philippines.
Philippine law enforcement recently successfully rescued a Chinese citizen. The victim was robbed and kidnapped inside their apartment by four compatriots. After the criminals obtained their loot, they did not stop; they forced the victim to transfer approximately $400,000 in cryptocurrencies and $14,000 in cash. But even then, the kidnappers were not satisfied and continued to threaten further extortion, even using organ trafficking as a means of intimidation.
This case highlights a concerning phenomenon: individuals holding large amounts of crypto assets are becoming targets for criminals. Unlike traditional bank accounts, the transfer of crypto assets is difficult to trace, giving criminals more confidence to carry out their crimes.
In the end, the victim was able to escape by sending a distress signal to a trusted friend, and the Philippine police subsequently rescued him. This incident serves as a reminder to all crypto asset holders: properly safeguarding private keys, being cautious about revealing asset information, avoiding displaying wealth, and developing emergency plans — these are basic safety practices, but they are often the most critical when facing targeted crimes.
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That's why I never show my coins online; staying low-key is the best invisibility cloak.
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Why are some people still using crypto assets as ATMs? Aren't they afraid of being targeted?
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So, guys with coins, be more cautious and don't let Xianyu see you're making big money in Web3.
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Threatening with organs is really a brilliant move, too outrageous... Is this even human?
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Fortunately, I realized it early, or I would have lost everything. This lesson was damn expensive.
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Why do some people always think making money in the crypto world means reckless spending? Isn't living low-key better?
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$400,000, this huge loss can make someone wake up for a while.
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After seeing this, I explained it to my friends again—don't mess around with private keys.
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No... the fact that a compatriot committed the crime is truly shocking. What were these people thinking?
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So, big players in the crypto world still need to be more cautious. Never let anyone know your private keys.
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Is security in the Philippines that bad? It feels like crypto holders are now really sitting ducks.
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Organ trafficking? That’s so ruthless... it seems holding large amounts of assets has also become a "original sin."
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Fortunately, this guy has friends to ask for help, or he might never have made it back.
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That’s why I say don’t flaunt your wealth everywhere. Being low-key is the way to go.
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$400,000 just vanished in one transfer. Is tracking really that difficult? Isn’t blockchain supposed to be transparent?
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Honestly, this is quite distressing to watch, but it’s also a wake-up call.