Recently, law enforcement in the Philippines launched a raid in Pasay City, successfully dismantling a significant Crypto Assets scam organization. Reports indicate that 20 Chinese citizens were arrested during this operation, accused of being involved in a complex Crypto Assets scam scheme.

The target of this operation was an ordinary residence located in Pasay City, but in reality, it was a carefully disguised scam center. The local police, after meticulous investigation and preparation, ultimately decided to carry out a raid. The operation was swift and efficient, successfully capturing all those involved.

It is worth noting that this scam organization is completely controlled by Chinese citizens, raising concerns about transnational criminal activities. The 20 suspects who were arrested are currently detained by the Philippine authorities, awaiting further investigation and possible prosecution.

This case highlights the risks and regulatory challenges present in the field of Crypto Assets. With the popularity of Crypto Assets, related criminal activities are also on the rise. Law enforcement agencies in various countries are strengthening cooperation to combat this new type of crime.

The success of this operation not only protected the interests of potential victims but also sent a strong warning to other similar organizations that may exist. Philippine authorities stated that they will remain vigilant and combat various forms of financial crime to maintain the national financial order and protect citizens' interests.