The requirement to recharge 450 USDT first to be able to withdraw $LOCC is suspicious. Legitimate games and crypto projects do not require the participant to give money in exchange for more money.
Learn about the recent cryptocurrency scams targeting investors in the Philippines.
Salas then affirmed that after their second investment, weeks and months had passed, and the group had absconded with their money.
SEC Philippines hosted two workshops with the U.S. SEC, the Asian Development Bank, and the International Organization of Securities Commissions.
The DICT chief acknowledged that text scams persist as some consumers sell their registered SIMs, while others register using counterfeit identification.
Among these victims is an individual that invested ₱50 million and a woman who alleges losing ₱11 million to Tamayo’s scheme.
Discover tips for identifying Ponzi schemes, avoiding phishing, and making informed investments in crypto using the blockchain.
Read about the recent raid made by the PNP-ACG in Pasig City on five individuals scamming those who were once victims of crypto scams.
The group collected around $100 million over five years, promising investors guaranteed passive income and profits on any purchase.
Platinum Coin is reportedly enticing the public with low investment fees and promising high returns, commissions, passive income, and cash gifts.