LS Team claims it ended its KBS Exchange partnership amid frozen funds and now urges Filipino investors to join a suspicious new platform called AUX.
Five suspects were entrapped and arrested in Pangasinan for operating a cryptocurrency scheme without SEC approval.
In 2024, cryptocurrency-related crimes escalated, with $2.36 billion lost across 760 security incidents, marking a 31.61% increase from the previous year.
For crypto traders, the news highlights the heightened security risks in cryptocurrency transactions, especially when using unofficial apps or plugins.Â
The network is noted to be under investigation by United Nations agencies
Address poisoning scam tricks victims into sending funds to attackers via misleading transactions.
Fraudsters are using AI to create fake endorsements and content, spreading false information about organizations, officials, and individuals, including the BSP.
SEC issues a warning on the ‘Advance Fee Scam,’ advising the public to stay alert to fake loan offers requiring upfront payments.
Beware of the ‘Recharging and Tasking Scam’: SEC warns against fraudulent schemes enticing investments through fake e-commerce platforms, posing as reputable companies.
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.
