Crypto Scammer Caught with On-Chain Evidence in Pasay City
A ₱3.7-million crypto scheme has been foiled in Pasay City after an alleged scammer was caught red-handed by a vigilant victim.
The incident began on July 22, 2026, when the victim transferred 60,000 USDT (Tether) valued at roughly ₱3.7 million to a digital wallet address provided by Glenn Yzabel, a 40-year-old Makati City resident.
However, peer-to-peer transaction logs and public blockchain tracking revealed that the 60,000 USDT was credited to Yzabel's wallet address and almost immediately moved to a separate digital wallet.
The victim recognized the scheme through persistent blockchain verification and arranged a trap meeting with Yzabel on July 28 at the CCP Complex in Pasay City. When Yzabel attempted to extract another ₱200,000, the victim executed a citizen's arrest and brought her to the police station.