Dialogue with the Chinese kidnapped in the Philippines K: The only survivor of the hundred kidnapping cases, got to know Crypto Assets only after paying the ransom.

K, the Chinese protagonist in this story, was finally released by paying a USDT ransom and assisting the police in arresting the core members of the kidnappers. (Synopsis: Many insurance companies plan to promote "crypto rich kidnapping ransom insurance", as soon as this fall) (Background supplement: French interior minister urgently recruits crypto riches!) Kidnapping and ransoming serial explosion, don't wear Web3 clothes, post on the Internet ) In the podcast, K recounts in detail the whole process of his kidnapping in the Philippines and being successfully rescued. He is one of the few survivors of more than 100 kidnapping cases in the Philippines in 2022, involving local Filipino kidnappers and Chinese gangsters, as well as the victim's personal bodyguards as an insider. K tells how he calmly negotiated to survive under the eyes, electric shocks, burns and threats, and finally was released by paying USDT ransom, and assisted the police in arresting the core members of the kidnappers. His experience exposed the black industry chain behind the frequent kidnappings in the Chinese circle in the Philippines, and also provided personal safety advice. Audio transcription is done by GPT and may contain errors. The content is the interviewee's own statement and does not represent Wu's opinion. Listen to the full podcast: Small Universe: YouTube: The following is K's readme: I came to the Philippines about 8 years ago to do business, do nickel mining, contract mining. Later, after that happened, my company closed down and stopped mining. But I had to find something to do, and I started investing in cryptocurrency, an industry that doesn't need to show up and doesn't need to socialize. After that incident, I basically withdrew from my old circle and was no longer active. This circle is too small, and everyone in the industry knows about me. On December 12, 2022, it was about 10 o'clock in the morning. My bodyguard and driver was taking me to a meeting, and I was staying at a coffee shop near my home that day, but because there was a meeting at 11 o'clock, I postponed my departure until 10 o'clock. This bodyguard is Filipino, found on a Philippine recruitment website through my HR, but it is not very reliable, there is no background check and no guarantee. That day, he took my son to school at 7 a.m. as usual, but fortunately he didn't tie my son. Then he came home to pick me up, and I told him that he didn't have to take me to the office and leave for a meeting at 10 o'clock. As a result, the police later investigated and monitored and found that the people of the kidnapper gang were already ambushed at the main intersection outside the community at 7 o'clock, obviously receiving a notice in advance. As soon as the car drove out of the community, it suddenly stopped, two people wearing the clothes of road repair workers got into the car from the left and right, sandwiched me in the middle, immediately put a hood on me, tied hands, and the car drove away. Halfway through they changed cars and transferred me to another location, where I was held captive for 6 days, from December 12th to 18th. I was calm and not struggling. I know it's a kidnapping, not a vendetta, and the other party is mainly asking for money. I was very cooperative and said "what do you want" to them, and they replied, "We just need money." I also told them "don't kill me" and they handcuffed me, wearing a hood the whole time. It was Filipino at first, and they communicated with me in English, repeatedly stressing that they would not kill me, but only asked for money. Later, they flipped through my phone and asked me for the password, and I cooperated. I'm sure my bodyguards must have told them who I am. My bodyguard was there the whole time. I could hear him coughing, he was smoking, and I was familiar with that sound. I was blindfolded for 6 days, which also let me know that they probably wouldn't kill me. Because as far as I know, as long as the face is seen, most of them will be torn off. They told me in English, "We're not going to kill you, we're just asking for money." I pretended to be pitiful and cooperated with everything, and they didn't beat me much. At first they had to seal my mouth, so I pretended to vomit, and they were afraid that I would choke to death, so they didn't seal it. Then someone spoke to me in Hokkien and Mandarin, and he said, "We want money, do you have USDT?" But I didn't touch cryptocurrencies at all, and they saw that I didn't have any cryptocurrency trading apps on my phone, and they believed I didn't understand. He said you called your friend, said you owed me money, and asked him to send the money. I said yes, so I asked him to find Party A of the mining company in my address book, a big boss. Then I called Party A and said directly in Hokkien dialect: "Sir, I have been kidnapped, you quickly rescue me and find someone to help!" As a result, the other party understood, he was from Putian. After hanging up the phone, the kidnappers said that I should not say "kidnapped", but "owed money". Then they asked me to call my wife. They asked my wife how much phone number I couldn't remember, so I asked them to look through the phone's address book to find a contact, and finally they got through. I said to my wife, "I'm tied up, but don't worry, they won't kill me, just pay." I reminded her to contact Mr. Huang and Mr. Cai quickly and ask them to help. I spoke in a mixture of Hokkien, Hokkien, and Mandarin, and the kidnappers didn't understand much, and the main culprit probably only understood half of Chinese men and women. They knew I was asking for help, but they couldn't stop it. Mr. Cai is my truck supplier. We ordered 100 heavy-duty trucks and 10 excavators that year, and that booking banquet entertained a lot of people and made it quite high-profile. It may be that this is how the bodyguard thinks that I have money and thinks badly. My wife was alert and immediately called the police. During the abduction, we talked many times, and each time she had people from the Philippine National Police Anti-Kidnapping Brigade behind her, and the embassy also arranged for someone to follow up, otherwise the police would not pay attention to you. That year, there was an average of one kidnapping case in the Philippines in three days, hundreds a year, of which ninety percent involved Chinese, many of which were gambling-related, but I was in the mining business, and someone endorsed me, so the police were willing to intervene. I am a member of the Philippine Mining Association and many people in the industry know me. The police did a back-poll and knew that I had a clean background, so they were willing to mobilize resources to save people. It was also approaching Christmas, and the government wanted to avoid social unrest. At that time, the police sent four people 24 hours a day to protect my family and take them to a safe house. Every phone call between my wife and I was monitored by the police, assisted by negotiators. The call a few days ago was mainly about ransom, and at the beginning they asked for $100 million. I said, "Brother, do you know how big $100 million is? Philippine banks can't take it!" Later, my wife and I talked to the kidnappers separately, communicated through WhatsApp, changed our voices, and slowly talked from 100 million to 50 million, to 20 million, and finally talked about a price that was acceptable to both parties. Final negotiations were reached on the fourth day of the abduction, when he was kidnapped on Monday morning and a suitable price was settled on Thursday afternoon. We decided to pay the ransom and let my wife take care of it. The whole process is comparable to a movie. The police arranged for four or five police cars to operate at a hotel in Manila, sealing off almost all five kilometers around the hotel. My wife went to the bank alone with a large team of police officers to withdraw money and carried a whole sack of cash. They were then escorted to the hotel by the police, who were full of gunmen. When you enter the hotel, you will see all plainclothes policemen, and the whole scene is like the movie "Infernal Affairs". They booked a VIP room at the hotel, which was arranged with the assistance of the police. The ransom payment was completed there...