AirBit Club Execs – Flagged as Scam by PH SEC in 2018 – Plead Guilty to Fraud Charges in the US
The group collected around $100 million over five years, promising investors guaranteed passive income and profits on any purchase.
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Crypto Scam
Platinum Coin Unlicensed to Solicit Investments: SEC Cautions Public
Platinum Coin is reportedly enticing the public with low investment fees and promising high returns, commissions, passive income, and cash gifts.
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Pinoy Loses 1.4 Million Pesos After Investing in a Crypto Exchange Fraud
The PNP is already investigating the cryptocurrency scam and has advised the public to carefully research before dabbling into investments.
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Rise in Scam Tokens: Report Reveals Over 350 Crypto Scams Created Per Day in 2022
Solidus said 12% of BEP-20 tokens & 8% of ERC-20 tokens created are fraudulent, & $2M worth of funds have been stolen since Sept 2020.
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SEC Cautions Public Not to Invest in HeroMining Scam
SEC flags Heromining Scam: Invest in a mining rig, earn 60% from the profit of your recruited or invited friend.
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More Filipinos Share Their P2P Scam Stories
After a report published by BitPinas that some crypto holders experienced P2P scams, more and more from the community shared their experience.
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19 Individuals Arrested for Illegal Crypto Scheme in the Philippines
The police did not disclose the total amount siphoned from the victims or what cryptocurrency platform was utilized.
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Don’t Fall For Crypto Scams: Five Signs of Crypto Ponzi Schemes
What is a Ponzi scheme? How can they be identified? How can the enthusiast be protected from these illegal activities?
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FBI: COVID Scammers are Targeting Crypto Holders
The FBI said it has an entire team dedicated to preventing and combating cryptocurrency money laundering and fraud.
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Philippines SEC Advisory Against Cryptec by Point Place LTD
SEC said “trading bonus system” is a favorite tool of scammers because it prevents the investor from withdrawing the investments until certain conditions are met.
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