The police have revealed details of the Chinese national "Steel King" being torn apart in the Philippines: a digital wallet involved in the case held a ransom of 200 million pesos The main suspect of the kidnapping and ticket tearing case of Guo Congyuan, the highly anticipated Filipino Chinese "Steel King" and founding president of the Philippine Chinese Chamber of Commerce, has been arrested at a luxury resort in Boracay, Philippines. After confirmation, the two arrested suspects are Gong Wenli (alias "Kelly") and Wu Jiaping (alias "Wu Jiabing"). Among them, Gong Wenli was identified as one of the masterminds of this kidnapping case, mainly responsible for luring the victim to the place where he was kidnapped, managing a digital wallet storing a ransom of 200 million pesos, and money laundering operations. There is still one main suspect, Jonin Lin, on the run. Currently, only a portion of the ransom is stored in the tracked cryptocurrency wallets; Approximately $1.36 million in ransom has been withdrawn through an account in Cambodia, which has been flagged by US authorities as suspected of money laundering.