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COINTURK NEWS > Tether (USDT) > Authorities Investigate Kidnapping and Murder of Two Individuals in the Philippines
Tether (USDT)

Authorities Investigate Kidnapping and Murder of Two Individuals in the Philippines

In Brief

  • Two individuals were kidnapped and murdered in the Philippines.

  • Ransom demands were made in USDT stablecoin.

  • Authorities from China, the Philippines, and the FBI are investigating.

COINTURK NEWS
COINTURK NEWS 10 months ago
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Recently, a tragic incident occurred in the Philippines involving the kidnapping and murder of two individuals, one a Chinese national and the other a Chinese-American citizen. This incident caught the attention of Chinese and Filipino authorities, as well as the FBI. The victims were found dead on June 24, and their families are awaiting autopsy results and investigation updates. Wu reported the development.

Contents
Ransom Demand in USDTDetails of the Kidnapping and MurderThey Came for a Business Meeting

Ransom Demand in USDT

On July 2, a reporter interviewed Yang, a family member of the murdered Chinese-American Sun, learning that Sun was 45 years old and had worked for a multinational medical company before starting his own business. Sun had traveled to the Philippines to expand his business and planned to stay for about two days. Sun and the other victim, Xia, arrived in the Philippines on June 20, and were last heard from on the evening of their arrival.

Yang shared that Sun’s colleagues received a ransom demand on June 21, asking for 15 million yuan to be converted into the stablecoin USDT. The ransom call featured a male voice claiming that Sun had lost money and would be killed if the ransom was not paid. Both victims’ families reported the situation to Chinese and Filipino police. While Sun’s family did not pay the ransom, Xia’s family paid 3 million yuan.

Details of the Kidnapping and Murder

The victims’ bodies were found approximately 400 to 500 kilometers from Manila, with no communication devices found at the scene. The families learned about the discovery of the bodies from Filipino police on June 27.

Xia worked at Suzhou Runmed Medical Technology as an international marketing director. The death report described Xia as a distinguished and courageous professional who had also worked with other medical equipment companies. Xia’s death at 39 led to significant discussions about the nature of the well-planned kidnapping.

They Came for a Business Meeting

Yang stated that Sun was invited to the Philippines by a Filipino distributor named “Li Na” and had received an invitation letter for a business meeting from Medev Medical. However, it remains unclear how Sun and Xia met “Li Na.” Unfortunately, Sun’s trip to the Philippines ended with this tragic incident, now the focus of an international investigation.

The Chinese Embassy in the Philippines condemned the murders and expressed condolences, actively involving itself in the case. The embassy called for strengthened cooperation between China and the Philippines to combat cross-border crimes and ensure the safety of their citizens. The investigation is ongoing, with Chinese, Filipino, and FBI officials working together to apprehend and bring the perpetrators to justice.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 4 July, 2024 - 8:54 am 4 July, 2024 - 8:54 am
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