BSP Alerts Public: Gov. Remolona Does Not Endorse ‘Tesler Code’ Crypto Scheme
The Bangko Sentral ng Pilipinas (BSP) clarifies that Governor Eli M. Remolona, Jr. does not endorse the alleged cryptocurrency project “Tesler Code” or any other cryptocurrency investment.
What’s the significance? Fraudsters are using AI to create fake endorsements and content, spreading false information about organizations, officials, and individuals, including the BSP and its personnel, Newsbytes earlier reported. [Read more: Don’t Pay to Borrow: SEC Warns About Advance Fee Scam]
Impersonators are targeting the credibility of institutions and officials, falsely associating them with cryptocurrency schemes.
This isn’t the first time that prominent officials and departments have been impersonated to promote crypto scams:
- PH DOF Warns the Public Against “Bitcoin Lifestyle” Scam, Which Uses the President to Entice Individuals to Invest
- Don’t Get Fooled by the Latest Binance Scam Using GCash
Take note: Misrepresenting the BSP or its officers is illegal and punishable by law.
What’s next: The BSP urges the public to stay vigilant, verify information, and report suspicious activities.
Readers are urged to report any suspicious activity to BSP via their contact details:
- Phone: (+632) 8811-1277 or 8811-1BSP
- Email: bspmail@bsp.gov.ph
- Facebook Messenger: BSP Facebook
This article is published on BitPinas: BSP Alerts Public: Gov. Remolona Does Not Endorse ‘Tesler Code’ Crypto Scheme
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