Topic: Bitcoin Pishing Scam Goes Wrong - page 2. (Read 369 times)
Nowadays, it's hard to trust anybody anymore.
At first can anyone explain what is this "Grapefruit" services?
On another hand this is very curious scam attempt, 273 people were trying to scam 1000 people?
Still curious but good fact is that these people are arrested, btw wish article was written in more details, hope I amn't only one who was left with questions. Also seems it's getting easier and easier to detect crypto scams and people behind them which is great news in overall, this will wash away bad rumors agaisnt crypto.
On another hand this is very curious scam attempt, 273 people were trying to scam 1000 people?
Still curious but good fact is that these people are arrested, btw wish article was written in more details, hope I amn't only one who was left with questions. Also seems it's getting easier and easier to detect crypto scams and people behind them which is great news in overall, this will wash away bad rumors agaisnt crypto.
nice catch , i think this number is the biggest so far that i heard this month . lets hope this isnt the last and other scammers will also get caught verry soon so that we will have a clean scam free community .
news like this can encourage alot of people or potential investors to invest again on bitcoin and on cryptos because they knew that that authorities are never stop working to ensure the safety of crypto users . good job
news like this can encourage alot of people or potential investors to invest again on bitcoin and on cryptos because they knew that that authorities are never stop working to ensure the safety of crypto users . good job
That's a lot of scammers. Lol
It seems that most people from the Philippines doesn't know how Bitcoin works yet. I guess they were newbies trying to double their money to any type of pyramid scheme, too sad for them, they were being played out with those Chinese nationals. Luckily they were arrested and it seems that someone with a brain know what to do.
Base on what written on the article and base on my understanding, those Chinese nationals fly to Philippines and they already have pending cases in China and that's why the Chinese embassy gives signal to the Philippine government about this matter. Anyway, I have to agree that Filipinos is yet to fully understand bitcoin but I believe we are on that way and i know Philippines will be one of the country who will support cryptocurrency, this case is good for the Filipino people. It seems that most people from the Philippines doesn't know how Bitcoin works yet. I guess they were newbies trying to double their money to any type of pyramid scheme, too sad for them, they were being played out with those Chinese nationals. Luckily they were arrested and it seems that someone with a brain know what to do.
It just shows you how clever these Chinese scammers are, because they relocated to another country to scam their own people. conned more than 1000 Chinese investors." 
Luckily for those investors the Chinese government reacted quickly and they will be deported to their country, as their international passports have been canceled by the Chinese government.
We see a lot of Bitcoin scammers relocating to sovereign islands to execute their scams, in the hope that they would not be extradited to their country of origin and also for the tax breaks.
Luckily for those investors the Chinese government reacted quickly and they will be deported to their country, as their international passports have been canceled by the Chinese government.
We see a lot of Bitcoin scammers relocating to sovereign islands to execute their scams, in the hope that they would not be extradited to their country of origin and also for the tax breaks.
I think the Phillippines needs more firm and stricter laws that will serve harsher punishments to those who've committed these kinds
of cyber frauds in order to discouraged potential actors. If this will not be implemented asap, chances are more of these fraudulent
activities would operate under the Philippines crypto friendly policy and that would be detrimental to the crypto-industry in general.
Sadly enough, some persons who are new to bitcoin wallet private keys in the name of bitcoin give away, and when their bitcoin is gone, they cry that their accounts have been hacked. Any app that promises free bitcoin is most likely a scam.
It just shows you how clever these Chinese scammers are, because they relocated to another country to scam their own people. conned more than 1000 Chinese investors."
Luckily for those investors the Chinese government reacted quickly and they will be deported to their country, as their international passports have been canceled by the Chinese government.
We see a lot of Bitcoin scammers relocating to sovereign islands to execute their scams, in the hope that they would not be extradited to their country of origin and also for the tax breaks.
Luckily for those investors the Chinese government reacted quickly and they will be deported to their country, as their international passports have been canceled by the Chinese government.
We see a lot of Bitcoin scammers relocating to sovereign islands to execute their scams, in the hope that they would not be extradited to their country of origin and also for the tax breaks.
That's a lot of scammers. Lol
It seems that most people from the Philippines doesn't know how Bitcoin works yet. I guess they were newbies trying to double their money to any type of pyramid scheme, too sad for them, they were being played out with those Chinese nationals. Luckily they were arrested and it seems that someone with a brain know what to do.
Well I hate to agree with youbut I think you are right about it.It seems that most people from the Philippines doesn't know how Bitcoin works yet. I guess they were newbies trying to double their money to any type of pyramid scheme, too sad for them, they were being played out with those Chinese nationals. Luckily they were arrested and it seems that someone with a brain know what to do.
Most of my fellow countrymen doesn't really know about it and only thinks of it as a token for investment or an investment tool.
Let's just hope that the people who got scammed would get back their money and for those scammers to be put in jail .
They deserve it people are working hard to earn money and most of us are looking for a way to earn some extra cash and I guess that's the reason why they got scammed.
That's a lot of scammers. Lol
It seems that most people from the Philippines doesn't know how Bitcoin works yet. I guess they were newbies trying to double their money to any type of pyramid scheme, too sad for them, they were being played out with those Chinese nationals. Luckily they were arrested and it seems that someone with a brain know what to do.
It seems that most people from the Philippines doesn't know how Bitcoin works yet. I guess they were newbies trying to double their money to any type of pyramid scheme, too sad for them, they were being played out with those Chinese nationals. Luckily they were arrested and it seems that someone with a brain know what to do.
According to the news they work as an exchange, they are located in one of the provinces in the Philippines and they are regulated by the Economic Zone where they are located, I watched the interview of the Economic zone lawyer and these company is being monitored and they pay their taxes and obligations to the Economic Zone authority, I was surprised, there's a different story here.
They should first be investigated, there are many Chinese coming here to set up this kind of activity and trying to cover their front by establishing as a legit entity.
They should first be investigated, there are many Chinese coming here to set up this kind of activity and trying to cover their front by establishing as a legit entity.
Several of these scam company do registered but the way they operate is far different than what service they had registered. They hide their activities by pretending that they follow regulation and pay taxes but behind those are their scummy ways. So it is not a surprised for me if such thing happen in this case.
They should also punish those government officials invovled in this case.
The legal registration is only a front of their hidden illegal activities.
It is easy to deceive users if they have legal documents in place.
However, people should look into their registration also as they are only entitled to operate in one area (Pasig City) but extend their services to other parts of Metro Manila.
And also, they are not in any way registered to do any crypto dealings, so the blame is on those users as well, they haven't done their due diligence before doing business with them.
But in general, a good catch by authorities. But another bad news that will give notion to ordinary consumers that dealing with crypto is really shady.
Only newbies who don't know much about crypto fall for this types of scam
That's exactly what they are after. The crypto ecosystem is constantly growing in terms of adoption, so these scams will not run out of newbies to steal from unfortunately, but surf these adoption waves to maximize their profits....It shouldn't come as a surprise that more scams pop up each time the price goes up a lot, because the price is exactly what most people enter crypto for. These scammers know that and use that momentum in their advantage.
People saying that newbies are too naive and greedy are certainly right, but come on, we've all been at a point where we did stupid things that lead to a loss. Losing money is the most efficient wake-up call there is.
Only newbies who don't know much about crypto fall for this types of scam
Newbies don't want to work hard to earn bitcoin so they easily fell for 20x btc doublers around the web, they never want to learn either if not they would have come across members warnings about ponzi/phishing and other crypto scamming activities
Some tricks are so cheap to fall for when it comes to malware and phishing sites. It is so strange how people can be very greedy to follow links that promises them free money or whatsoever without having to work for it. People who fall such tricks are mostly greedy or novice who are new to such tricks.
The people behind are taking advantage of Philippines CEZA's policy here,
https://ceza.gov.ph/article/crypto-exchange-market-boosted-central-bank-philippines
And they operate outside of the jurisdiction, problem is how the company was able to set up everything without the connivance of Philippine officials?
Anyway, it's good the the authorities caught those criminals, they should be sent back to China and face the consequences since they defraud their own people.
https://ceza.gov.ph/article/crypto-exchange-market-boosted-central-bank-philippines
And they operate outside of the jurisdiction, problem is how the company was able to set up everything without the connivance of Philippine officials?
Anyway, it's good the the authorities caught those criminals, they should be sent back to China and face the consequences since they defraud their own people.
How can they do this with the name of Bitcoin? another news like this will gives bitcoin a bad image again.
and if this people will not get sentence they will do it again. they really need to spend some times on jail
maybe they can get the way out of jail after the all of the bitcoins have been mined.
and if this people will not get sentence they will do it again. they really need to spend some times on jail
maybe they can get the way out of jail after the all of the bitcoins have been mined.
273 Chinese nationals were arrested in the Philippines, accused for defrauding more than one thousand investors in an alleged Bitcoin scam syndicate as per information from coindoo...
Read the full news here
https://coindoo.com/273-bitcoin-scam-suspects-arrested-in-philippines/
I hope in future more of these criminals will face karma one way or the other and people should stop trying to double bitcoin without working for it, its simply greed
Read the full news here
https://coindoo.com/273-bitcoin-scam-suspects-arrested-in-philippines/
I hope in future more of these criminals will face karma one way or the other and people should stop trying to double bitcoin without working for it, its simply greed
When I get to read news like this, I am just glad and its because its about unraveling the people who hide behind crypto to perpetrate crime thinking that they can go away with it. Just yesterday I had read about a report of where kidnappers demanded to be paid in bitcoin so as to avoid being tracked by government agents and bring them to book for their actions. This make me wonder that an emerging technology that is changing the way we do things is about to be bastardized by people who cannot see beyond tomorrow.
This is actually another exposure to people to stop falling for cheap scam on the internet that promises them unimaginable return within a short period of time. Its simply an avenue to lure their resources away from them for some people to pleasure over.
According to the news they work as an exchange, they are located in one of the provinces in the Philippines and they are regulated by the Economic Zone where they are located, I watched the interview of the Economic zone lawyer and these company is being monitored and they pay their taxes and obligations to the Economic Zone authority, I was surprised, there's a different story here.
They should first be investigated, there are many Chinese coming here to set up this kind of activity and trying to cover their front by establishing as a legit entity.
They should first be investigated, there are many Chinese coming here to set up this kind of activity and trying to cover their front by establishing as a legit entity.
Several of these scam company do registered but the way they operate is far different than what service they had registered. They hide their activities by pretending that they follow regulation and pay taxes but behind those are their scummy ways. So it is not a surprised for me if such thing happen in this case.
They should also punish those government officials invovled in this case.
273 Chinese nationals were arrested in the Philippines, accused for defrauding more than one thousand investors in an alleged Bitcoin scam syndicate as per information from coindoo...
Read the full news here
https://coindoo.com/273-bitcoin-scam-suspects-arrested-in-philippines/
I hope in future more of these criminals will face karma one way or the other and people should stop trying to double bitcoin without working for it, its simply greed
According to the news they work as an exchange, they are located in one of the provinces in the Philippines and they are regulated by the Economic Zone where they are located, I watched the interview of the Economic zone lawyer and these company is being monitored and they pay their taxes and obligations to the Economic Zone authority, I was surprised, there's a different story here.Read the full news here
https://coindoo.com/273-bitcoin-scam-suspects-arrested-in-philippines/
I hope in future more of these criminals will face karma one way or the other and people should stop trying to double bitcoin without working for it, its simply greed
They should first be investigated, there are many Chinese coming here to set up this kind of activity and trying to cover their front by establishing as a legit entity.
omg
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