SEC-Davao: Four Entities Under Monitoring Over Alleged Involvement in Crypto Scam

The SEC-Davao is examining four unregistered crypto firms amidst a local push to combat online rip-offs.

In the very same month, a Cebu-based call center presenting as a crypto investment company was exposed for running a global scam using AI and phony $BTC trading, after a hacker infiltrated its systems and exposed evidence via CCTV, prompting a government examination and short-lived shutdown of the operation. In 2024, the Cybercrime Examination and Coordinating Center (CICC) cautioned the public about a surge in crypto and dollar investment frauds, advising investors to remain vigilant, avoid high-return pledges, and verify deals with authorities. Read BitPinas articles about safeguarding Bitcoin and other digital possessions: This short article is published on BitPinas: SEC-Davao: Four Entities Under Monitoring Over Alleged Involvement in Crypto Scam What else is happening in Crypto Philippines and beyond?

Sam Boolman | Crypto Enthusiast and Writer

Sam Boolman is a contributing writer at ChainIntel.org with a long-standing interest in cryptocurrency, blockchain technology, and emerging financial trends. A self-directed trader who actively invests his own capital, Sam follows the markets closely and brings a hands-on perspective to the fast-paced world of crypto journalism. With a background in business and digital media, Sam has written across a variety of sectors including tech, startups, and online finance. His curiosity and enthusiasm for the evolving digital economy fuel his exploration of Web3, decentralised finance, and market developments. Sam is passionate about making complex topics more accessible to everyday readers and continues to expand his knowledge through research, trading experience, and industry engagement.

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