BI nabs three Chinese nationals linked to hotel-based cryptocurrency scam

MANILA— The Bureau of Immigration (BI) Fugitive Search Unit (FSU) arrested three Chinese nationals in Santa Cruz, Manila for allegedly operating an online cryptocurrency scam targeting investors in Hong Kong. The arrests come amid the government’s intensified crackdown on online scams and POGO-like operations, following President Ferdinand R. Marcos Jr.’s directive to curb illicit activities that exploit Philippine-based online platforms and defraud foreign nationals.

According to reports submitted to BI Commissioner Joel Anthony Viado, the arrests took place on November 7, 2025, at a hotel along Tomas Mapua Street.

FSU agents, in coordination with government intelligence forces, apprehended Chen Jinhao, 27, and Yang Chao Wen, 37.

During the course of the operation, the agents also encountered another Chinese national, Yu Sun, 50, who was found inside the same premises allegedly facilitating the syndicate’s online activities.

Investigations revealed that Chen served as the manager overseeing the syndicate’s overall operations, while Yang Wen acted as the supervisor responsible for day-to-day management.

The group reportedly targeted Hong Kong investors through a fictitious cryptocurrency investment scheme. The scheme was being run from a designated hotel room in Santa Cruz, Manila.

Initial verification with the BI database showed that both Chen and Yang were overstaying aliens. All three suspects failed to present valid passports or any valid immigration documents when requested by immigration authorities.

The three suspects were immediately transported to the BI Warden Facility (BIWF) in Bicutan, Taguig City for booking, documentation, and verification procedures. Deportation proceedings are ongoing.

Viado commended the swift action of the FSU and its law enforcement partners, highlighting the Bureau’s commitment to protecting the public from scams perpetrated by foreign nationals.

“The Bureau will continue to aggressively pursue foreign nationals who violate Philippine laws, whether through overstaying, scams, or other criminal activities,” Viado said. “No one is above the law.” #