Early this morning around 2 to 3 AM, the Philippine National Police (PNP) conducted a raid on a company suspected of cryptocurrency fraud located in the Huatai Building. According to onsite reporters and netizens, the raid targeted the 9th floor of "Huatai 1," and the police subsequently arrested 285 individuals, including the company's boss and several shareholders.
The news quickly sparked widespread attention. Netizens discussed fervently, especially the employees of Huatai who felt uneasy. However, it was confirmed that the PNP's operation was limited to "Huatai 1" and did not affect "Huatai 2," which has legal qualifications. Notably, suspects in "Huatai 1" attempted to escape to "Huatai 2" by breaking through a security door but were promptly discovered and stopped by the property staff of "Huatai 2."
All the arrested individuals have been taken away by the PNP, and the police forces at the scene have withdrawn. As the situation develops, more detailed information is expected to be released through official channels.
For the employees of "Huatai 2," although the incident has caused panic, there is actually no need to be overly anxious. The Philippine government has recently intensified its efforts to combat illegal POGO (Philippine Offshore Gaming Operators) and other unlawful activities, and has established a special quadripartite committee to discuss related issues. Legitimate and regulated companies need not worry about the impact of this raid on them.
This raid by the PNP once again highlights the Philippine government's determination to combat illegal activities, especially illegal POGOs. With the increase in law enforcement efforts, more targeted actions are likely to unfold in the future.
