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These scammers have been spreading fake news about certain big names from the Philippines saying that these people are endorsing these "trading bots" to earn money. The scam has gained too much publicity that one of these big names has to publicly announce on television(https://www.youtube.com/watch?v=mFtbT1j4WnQ) that he doesn't endorse this scam.



Yes, I know, it's a typical scam right? Why overreact? But unfortunately, a good number(or dare I say most) of filipinos are completely unaware on what ponzi schemes and other scams are, so the best thing we could possibly do is to possibly get these sites off the web to hopefully significantly decrease the potential damage that it can do to the masses.

Sites of this scam we've found:

Even just reporting these sites to Google just to get the warning message when people open these scam sites could be a big help and could hopefully make people think twice: https://safebrowsing.google.com/safebrowsing/report_general/

Some places to report if you have the time:

• https://www.econsumer.gov/#crnt
• a quick email to acg@pnp.gov.ph
• https://www.doj.gov.ph/contact.html
• http://www.sec.gov.ph/message-us-4/
• http://nbi.gov.ph/transparency-seal/nbi-divisions/#investigationsrvcs

Thanks!

haha da f*ck! So this is what the post in our local board is all about. I didn't bother reading the "statement of _____ about crypto" because I wasn't interested in crypto + celebrity topics.

Scammers using celebrities or other famous personalities is old school yet many people fall for this marketing trick. If people would only think, how on earth would a guy who has been in showbiz for so long suddenly starts trading? To add to that, why would he let others do the promotion on his behalf?

On a positive note, you know that the market is doing well when more and more scams are popping out of nowhere  ;D

Thank you for doing an important job of helping to protect people from scams. I opened the first website, and it used my geolocation without asking me and showed me some names in my local language of people who have just 'earned money' here. It's very sad that some people lack education regarding these things and fall for them, while others are exploiting this to rob people of their last savings. I reported the websites like you advise to do. I hope that the scammers will face the law for their actions, and the robbed will get their money back.

It's always good to point out scams, regardless of how obvious they look. Something that's an obvious scam to me might be seen as an actual opportunity by others because they have no clue about anything.

After two decades of massive growth of the internet, there are still thousands upon thousands of people every year falling for scams where they send their bank card with PIN number to an address they believe is from their bank. Result is that their bank accounts get emptied and people end up broke and have to beg the bank for a refund (which nowadays isn't as easy as it was back in the days).

I'll report the domains listed. The more people do so the sooner action will be taken.

True. I leave the posting about the obvious scams to the other people here on Bitcointalk, but I felt that this one was a huge exception. Once I realized how blown out and how much publicity it was gaining, I just had to do my part hence this topic.

Thanks!

Its funny that I am also fooled that he is actually advertising cryptocurrency autotrading platform if you will refer to my post in our Local Section. But then, I think it is still has a positive impact to let people to be curious on how cryptocurrencies work and how it can affect their financial capacity in life. In contrary, the downside is that people are prone in believing fake news and much worse attracted when there is an get rich quick scheme opportunity where they can dive in.

In fact these potential victimization of money laundering or scamming can be exploited if people are hungry to educate themselves and be able to minimize the risk of being illiterate in the internet.

Well, I think I have spammed the google report link with these fraudulent websites!! ;)

It's one of the reason why Filipinos are in doubt on trusting and believing bitcoin, it's reputation was ruined by people who deceives their fellowmen just to get the benefits they wanted. They don't realize how their actions can affect the perspective of other people but what can we expect? scammers will always look for an opportunity to trick those people who doesn't have enough understanding when it comes to bitcoin. It's the reason why people never change their mindsets, they just keep on looking on bitcoin's negative side because it is what people are trying to make them see. Filipinos must be aware that not everything they see on the internet is trustworthy and legit, for that reason they have to be careful especially when it looks too good to be true.

Pretty much, but it applies to almost every single country not only to the filipinos. Unfortunately this is one of the things we really can't expect to stop anytime, or ever. The only thing that's going to prevent people from getting scammed is knowledge. Scams will exist as long as humanity itself exists.

This is so true. My mother really gave me a beating whe she knew that I am in a scam, which is really not a scam. She just thought that I am one of those people but I said that I am not. Filipinos are so eager to get rich that they can easily be scammed, that is just so sad to say. Did you know that in 2015 1 million Filipinos lost 25B pesos in investment scams?

after Senator Manny Villar now it is Boy Abunda?these are Popular Celebrity and may attract investors if the one has no idea about what is Crypto Ponzi scheme.

Filipino is just starting to learn more about crypto and these scammers are not helping,instead they are ruining the reputation Crypto people are Building.

but on the other hand?this helps crypto for Publicity because Good or bad is still Publicity,hope sooner people may learn about all of this scammers way so there will be no other Victims again.

That is why I considered schools as a scam. Why? Because they don't teach their students anything about financial literacy.

If people in our country have some knowledge regarding financial things and things like this scams and schemes then there will be lesser people that are got scammed. Unfortunately, we can't prevent them being scammed until they will not experience it.

Taking down these sites can decrease it but creating a site right now is very easy. They can just buy a domain and then use it for scamming again. The best thing to do right now is to spread information regarding these things.

Áctually, there's a huge, huge story here waiting for some journalist to properly uncover. For the past 25 years, the same gangs in Southeast Asia have been operating HYIPs. Used to be quite simple too, not much coding involved, but things really picked up when digital money hit the net in the late 90s.

Saw it myself, the rise of 15% a day for 15 days, etc etc. Modus operandi always the same, and in Southeast Asia like Malaysia and PH they use all these influencers (fake or not) to build up these huge pyramids for months.

Used to be with beenz, then paypal, then e-gold, and now bitcoin.

It's not the currency, it's the game.

In general, there's a lot of scammer in the Philippines. Filipinos are taking advantage of the weakness of other Filipinos as well. Filipinos easily believe on what they are seeing without doing further research that's why there's a lot of fake news spreading in my country. And one of that is this kind of scam. When it comes to earning money, they believe almost everything. And it's the reason why they are using famous names to make it more believable for others.

There's a lot of scams worldwide in general, not only in the Philippines. It's just that most filipinos are easily deceived(compared to most other demographics) due to reasons like poverty(hence greed), lack of financial and investing knowledge, lack of research(and reading comprehension), and a few others. It's the same reasons why the Philippines is one of the breeding grounds of MLM schemes.

Well, it's hard to believe that people are still being victimized by these schemes. I find it really disappointing since the people who would have heard about cryptocurrencies are the new era people who are using the internet well. They should have found out that these are scams they must avoid. But my expectations are wrong. In the Philippines, they have the impression of the Bitcoin as total scam since stupid people used Bitcoin for their Ponzi schemes. Bitcoin was publicly famous with this scheme's I mentioned, --and Filipinos believe in media. And this is unstoppable. The only thing to avoid this is not to become of the victim. Indeed, perhaps this makes sense, start within ourselves and then the people will follow.

Thanks for the information and i hope the newbies will be wise enough to listen to this warning. Nevertheless, I'm not surprised about this kind of scam because crypto scammer always use miscellaneous of strategy to scam crypto enthusiast when bitcoin halving is moving toward.

That is why the first thing to have aside from money when investing is knowledge. People don't learn anymore, they want to take risk without knowing what they engaging into. Filipinos are like this, easy to be scammed over and over again. They easily believe sugar coated words especially when there are celebrity involved, but not knowing if it was legit or not.

I would definitely not go that far--schools shouldn't and can't teach common sense that everyone should have, nor can they teach people not to be greedy or fearful, and those are the emotions that scammers play upon.

Lol.  I'm sure a lot of people here won't know what the hell you're talking about, but I remember beenz.  And Flooz with Whoopee Goldberg endorsing it, which is what I thought bitcoin like was at first before I realized it's decentralized.

We should not always believe on what we read and what we see on our social media accounts. It is the way of scammers to fool people and persuade them, they use some false information that the artists are using cryptocurrency. That's an example, but we're thankful because he cleared it out that he is not involved in any cryptocurrency. At least we know the truth about those accusations and misinformation because it is not helpful in the crypto world to use a certain popular people. Scammers should stop because beginners are the one whose always a victim of this people, scamming is one of the most common problem in cryptocurrency. We are the one who can handle and avoid it, but before that, we should be mindful of the surroundings, most especially in our social media accounts. Don't trust easily and we should improve the security of our accounts.

This is just an adaptation of the common [insert country name] method, such as the Canada Method, Brit Method etc, all promising some kind of automatic profit solution.

These almost always target those that are very new to the space and have limited experience with risk/reward, hence have no idea how likely such a thing is. There isn't really much you can do about it, even spreading awareness probably won't dent it.

Almost everyone on Bitcointalk has some basic to moderate understanding of scams, so there's little point warning us... Spread it to the luddites instead.

This is a sad for me because many bad people use the name of bitcoin and popular personalities for their personal interest. And it has a huge impact on my country because many people are aware of the false news that bitcoin is a scam and they are afraid to invest in it because they think it is an investment website where there is a high risk of scam. Hopefully the media in our country will also be fair in the news so that people will know that bitcoin is only used by scammers, And hopefully the media will also announce the huge help that bitcoin and the crypto currency provide! Similar to the Binance Charity which has helped many people today, From the "corona virus" "bush fire in Australia"

Not really. I would have a look into the altcoin section of this forum, it's filled with get rich quick noobs who blindly put their money into scams like this. There is no shortage of victims with how people are here only to chase profits.

Even if OP can prevent only one person from losing money this thread is already worth it. We should help each other expose scams whenever we can because at one point we were in the same position as the current victims are.

We are in this together as community and should help other people where possible because no one deserves to lose money, and the scammers certainly don't deserve the money they steal from people.

This is very dangerous, fraudsters involve the names of influential people and that includes defamation, right? luckily there was clarification soon. Lay people will definitely be easily influenced by the Ponzi scheme which is manipulated with language that seems beneficial, even though it leads to fraud and the benefits gained are not much. Especially the profit-oriented newbie will surely be easily affected by huge rewards without learning what is behind them, so let's be more concerned with educating ourselves and those around us to avoid being harmed.
Thank you OP for the information, hopefully, many members make reports so that the fraudster cannot act anymore.

If you actually read my topic you'd understand that I didn't even make this post mainly to spread awareness to the Bitcointalk people. I made this post to ask for help to hopefully bring these sites down to reduce the potential damage. I even provided links to report these sites, if you haven't noticed.

Try reading the topic first before making comments next time.

right, this is especially for beginners who don't understand correctly and they think making money here is easy. so they became the target of scamer and finally the new investors regretted, because it was not in accordance with their expectations, and finally they spread negative news about crypto

It's also fault of the scam victims in the Philippines because some of them are gullible that they believe on those investments that they will earn big amount in just a short span of time. They don't research properly what they are investing and only focused on the promised return

No one said it wasn't their fault though. Of course it's mostly on their side due to their greed and lack of knowledge. But it wouldn't hurt to spread awareness and to report these sites to bring them down to reduce the damage though.

Good on him for coming out. The guy maybe has a million of viewers that were informed about this scam. Given the circumstances, it's probably the most efficient and effective approach. I visited the Philippine SEC website to check if there's already an advisory against this bitcoin revolution but I couldn't see any unfortunately. I don't know how long it would take for them to investigate after the reports and were submitted. I guess I'll just add one more report to their list and hope that they act faster.

I'm also done reporting all six in the OP. Google is kinda slow also in taking down these fraudulent websites.

Please add these scam sites also.

Informative thanks to this!
I think a lot of Filipinos still don't have a lot of knowledge to this kind of things or cryptocurrency for most of the time this celebrities like Tito Boy from the Philippines are very influential so most of the scammers use them to have a lot of victims in scamming, but Tito boy explained this to the people that he is not endorsing this cryptocurrency and bitcoin. But as we know if you invest in bitcoin or cryptocurrency basically scammer cannot touch your investment since you are just investing in bitcoin which is secure like for example you put it in a bitcoin wallet like coins.ph. It is impossible to hack it unless they have specific websites that they are promoting.

I think a lot of Filipinos are prone to scam because a lot of people are not exposed to technology and they don't know about this cryptocurrency for a lot of people they don't have any idea when it comes to digital currency.
What we could do is spread and influence them to this kind of technology so that they are aware of this, if they are aware of bitcoin it could minimize the bad image of bitcoin to the people and avoid scams that are happening.

I don't think it's possible to report this to econsumer.gov unless you were a victim since they ask for precise information about
your interactions with them, how much you lost, etc.

This is a generic message that I sent to the filipino agencies:

https://i.ibb.co/1ZLTPLC/Screenshot-review.png (https://ibb.co/6YmFTmK)

Also, you all should leave negative reviews of these sites at the following places:

• sitejabber: Left a review here https://www.sitejabber.com/reviews/the-bitcoinrevolution.com#1, this site has been a little finicky for me so if my review suddenly dissapears they might have deleted it
• foxyrating: they have high requirements for leaving reviews so I couldn't post there, can someone here please leave a negative review there?
• beermoneyforum: Left a post here https://www.beermoneyforum.com/threads/the-bitcoinrevolution-com-reviews-scam-or-legit.66836/, make sure you put it in the "E-currency exchange reviews" section.
• trustpilot: left a review here: https://www.trustpilot.com/review/the-bitcoinrevolution.com, just type in the url of each website to write a review for it, but don't leave duplicate review messages or they might be removed.

We must defend bitcoin and cryptocurrencies in general from all internal and external threats like this one.


I wish I saw these earlier because I didn't include these in my report to the government agencies.  :(

Just reported all the sites to safebrowsing.google.com, and this kind of thing really needs to stop. Hoping that cases like this have a much heavier penalty or can't even get bail, they really take the opportunity to scam people especially those who have no knowledge about cryptocurrencies. What they really do is HYIP that you'll get an easy, big sum return for a short amount of time. Mostly these kinds of things are rampant on Facebook Messenger since it's the most commonly used messaging platform here in the Philippines.

We all know today that the cryptocurrency is one of the most profitable investments that you can earn more money easily with the use of your knowledge and skills and many people want to include in this world because they know the potential it will give them a lot of money, but the problem is the platforms today there are a lot of people now are getting scammed and hack by the websites they browse because they think they can earn a lot of money to those website, but the problem is those platforms are stealing the information of their users through the use of logging in to their websites or tracking the ip of the users and use this to connect into the devices of the users and get the information. Always make sure before browsing into unfamiliar websites is do some review to avoid some issues and problems.

I don't know it if it is the government or just the mass media but almost a lot of times when it comes to news they are always making it look bad to cryptocurrency or bitcoin. I'm not sure if it was just a coincidence but most of the time they are referring the cryptocurrency or bitcoin as a scam. That is why a lot of Filipinos are hesitant to try bitcoin or to invest in bitcoin because the bitcoin is not trusted by a lot of people here in the Philippines because of this news. The news are just referring it always as "bitcoin" but the main reasons of this scam are the people that is taking advantage.

So this is the topic that our fellow Filipinos are talking about in our local boards, that some Filipino celebrities especially actors and actresses are talking about endorsing of bitcoin revolution or the cryptocurrency in which they already said that it was a lie that those celebrities and social media influencers are endorsing this investment. This is quite alarming because there are still some people who are talking about a lie news in order for them just to earn money and because of this the image of cryptocurrency is being messed up just because to those person who are lying to for the sake of their benefits. As stated in the show they already clarify that they are not promoting or endorsing it so that other people will be able to built their mind that this are just a fake news made by other people.

I had both actually, remember clicking ads and surfing (gods all those paid to surf coins) to get a few cents. But I was really big on e-gold in those days, and I found out too late later on that HYIPs were also big on it, so when the US acted on it, I lost everything in e-gold.

You can imagine when Bitcoin came around I dismissed it because I thought it was yet another version of digital money.

Too bad I only realised YEARS later Bitcoin was decentralised.

Anyway the point is, the education and awareness on hyips and scams are agnostic of the currency. I don't really buy into all the blacklists that some states try to maintain. People lose money to scams because they don't look on blacklists or don't understand how scams work.

I don't know the answer... but I think if you can't change people's greed, it's not going to help them.

I have second though on a project that uses celebrity to promote a project or platform because they do not need it the platform will promote itself just like Bitcoin it doesn't need celebrities in fact, celebrities are the one who needed Cryptocurrency look at Manny Pacquiao he sets up his own project because of it's potential.

We shouldn't call these scams "bitcoin scams". The scams that do involve bitcoin are just scams. You don't call scams where somebody takes fiat money a fiat scam or a cash scam. It's giving bitcoin a bad name.
That said, the only way to be safe from these scams is to educate yourself or simply be smart and careful with  your money. People who are the easiest to scam are people who are greedy and careless. Usually poor people are like that because they need are desperate for money. The Phillippines is a rather poor country, so scams will thrive there, just like they do in India and the so called third world.

It's better to well aware the public about the bitcoin and it's purpose. Some of these people are taking advantage of the naive one who hasn't enough knowledge of what is bitcoin. It's easy to fool those people because their mindset is always a "get rich quick" without knowing what is the meaning of gaining something through hard work.

Yes. Because of people mindset about bitcoin to get rich quickly, people forget easily proper ways not to be scammed. I think the best way to avoid being scammed is to give free education to people about cryptocurrencies and its proper usage as a currency and even as a good investment. Yes bitcoin can help us in our own economy but we still have to work hard for it first before attaining success.

Well, sorry about that. We Filipinos are so trusting that is why we usually fall for these scams. We are known for being hospitable that is why we can really fall for these schemes, not all of us though. We also love to look at the brighter side than the dark side, people here usually don't know a scam unless they knew that their money is gone.

Many people take advantages using names of the bitcoin to scamming a people who do not know the cryptocurrency.
That celebrity is famous named Boy Abunda and he is host by night talk show by the other celebrity and he is famous to my country.

I don't blame him for saying his opinion and make a statment aboyt what happen because that's the truth and I hope many people are understandable for that name of crypto was using only of people because crypto is very legit but those people are not.

By this statement possible the other people saw that was scared in crypto.

Oh my god!!! It looks so genuine I really don't understand how the government allow such people for an open scam, these people will exist until the people will be vanished from the world. They want to make their people's Fool and taking advantage to make money in a real quick time.

People are scammed only because they don't have enough knowledge on this also if the government supports crypto on their country, they have to take serious actions on such type of scammers to avoid scam in future.

Obviously, they are terrified by it.

But here's the thing. There are a lot of scams going around the Philippines for a long time and most of the people are not aware of that. And after a long time, they would be forgetting about it and would fall for another scam. I think it is time for the government to take note of these incidents and they should educate the people about this. They should also focus on this since these scams can also affect the economy of the country for a long time.

So it's either the Philippines are getting traction that's why it has gained the attention of cyber criminals and think that Filipinos can easily fall for this trick because of this Filipino couple amasses at least P900M in alleged Bitcoin scam (https://www.rappler.com/nation/199915-filipino-couple-amasses-millions-bitcoin-scam), or simply that Bitcoin is really becoming global so we shouldn't be surprised if some countries in Asia or in Africa are going to be the next target for this online criminals.

Again, the only weapon for this is to have enough knowledge and do our own investigations before we can invest on cryptos.

Cryptocurrency advertisements are good when they are authorized and legitimate, but to associate a celebrity about a scam automated trading site is a pure manifestation of making citizens to lose trust to cryptocurrency.

That is why it is too hard for filipinos to advertise cryptocurrency even in simple words, people are taking advantage of the capabilities of crypto to use it as a tool to scam people when in fact, if it was used properly, we should have better future in cryptocurrency.

My Facebook account is always exposed to these advertisements using pictures and names of different big names in both business and showbiz here in the Philippines. Shockingly, there are still many who are thinking that the ads are true. It is unfortunate that Facebook and Google have not yet taken down the ads; this is actually just many of the manifestations that their vetting process is not functioning well.

They are basically just editing a screenshot of whatever show they are watching and just change the headlines after. With all the available tools that we have right now for photo and video manipulation, it's fairly easy to do such and fool people with these edited pictures. Tons of those advertisements can be found on Filipino forums, Facebook pages, Twitter and whatnot. Whenever I have the time, I try to report all such posts to at least help notify these sites from the scams. Heck, even in Canadian, Thailand and Vietnamese forums would you see the same type of thing! That's why sometimes I'm thinking that it's better to filter cryptocurrency ads on Google or any other large websites that people frequent in order to minimize the number of people being scammed.

Sad to say, but most of the Filipinos don't want to bother to learn about the business model of such investment programs. What these people care about is the profit that they received from their investments, without even thinking where the profit-money came from. The most recent example for this was the ponzi schemes like KAPA, Forex (Investment scheme name, not the Foreign Exchange trading), Rigen, and so on. They have deceived the people to believe that these companies is earning big amount of money from Cryptocurrency trading, thus making good amount of monthly ROI from each members.

That Php 900M is such a huge amount imagine the number of Filipino people who got fooled.

So everyone needs to be alert and observant so that you are aware of being scammed by those abusive people. Government has nothing to do with it but supporting them. Sometimes the problem in a certain country is the government itself that's why they don't have any progress for development. People should make a stand so that they aren't vulnerable about losing their money. Government is very powerful and people doesn't have any capability of doing something against them. Scammers are very good to jackass people so that they make a profit out of their  bad doings.


Not only beginners are prone to this, some scammers are very professional so that even an old bitcoin user can be also a victim. We should read articles about this scams, it will also important to seek help and advice to those professional bitcoin users. Every country should know the importance of bitcoin, so that scammers are scared because of the consequences that they can acquire in fooling people. Government are the only people who have power in reducing people by catching them.

Autotrading platforms that pay their investors dividends are nothing but a scam. USI-TECH rippled me off all my bitcoin even though I had a premonition to quite it because of unverifiable information they always presented, until the day they left the scene. These are the people who create cryptocurrency in a bad light.

I hope it won't cause any considerations for a ban anytime.
Well I haven't even heard any news about thoughts of Duterte regarding cryptos anyway, just yet and I hope it stays that way.
I don't know what these trading bots do, but if there's gonna be case that some electronic will do the trades for me, I won't implement it in my strategy.

This why you need regulations, people are bound to be greedy and you cannot change them. If there was a law criminalizing such offence, then these scams would have been controlled to a large extent.

Sometimes regulations are good.

I heard about this news as well but since I used to watch on tv a scam related scenario involving crypto particularly bitcoin I was not surprise about this one.

But unfortunately for those people who dont have idea about crypto they will easily believe what they saw.

Scammers are doing every possible way to lure the people, advantage for them to use a popular personality for their own gains.

Not just recently, but most from the Philippines, specially the the generation x or what we call boomers, they believe that cryptocurrency is just a scam. It is because cryptocurrency became popular when scammers used cryptos to lure people in to investing because of the good offer. I think, it is just cryptos were introduced in a bad way that's why people think that it is a scam, while in fact cryptocurrency is legit and there are just some people who use it to scam others.

Unfortunately I have found this to be true as well. My neighbor in Pampanga got hooked in the Trade Coin Club (https://behindmlm.com/companies/trade-coin-club-monopoly-money-roi-payments-exposed/), thinking that his deposit was going toward some kind of trading investment when really it was just a basic MLM / Ponzi scheme. Probably the most devious part about it was that he was referred to the scam by a fellow church member, whom he trusted and thought was a stand-up guy.

When I first moved in to my apartment, I struck up a conversation with the guy, and we got to talking about our jobs. I told him I wrote about bitcoin, and then he showed me his Trade Coin Club app. I took a look at it -- he showed me his easy profits and how it worked, and then thought, oh yeah, that's a scam. So I tried to explain to him why he needed to be careful...

Sure enough, you couldn't withdraw the funds until after a contract expired, and withdrawing beforehand would incur massive penalties. Basically there was no way to profit other than through recruiting others. So after our conversation the guy tried to get his "friend" on the phone (the one who got him into it), and I think he pretty much realized he had been scammed at that point (out of what was about 400,000 pesos at that time).

So how did the guy thank me? By buying a German Shepard that would bark every day (and every night) the next day.  ::)

People get scammed because they're greedy and have high hopes. If someone is promising you 100% a year or more you should expect a scam! There's no free money and nobody is going to do something good for a stranger. It's not charity, it's a game of survival!

I don't feel sad for people who get scammed by HYIPS and ponzis. They can only blame themselves.

People always uses the weakness of others in order for them to get what they want to have, since Mr. Abunda really dont have a proper and wide knowledge about crytocurrency, he could be a perfect target by them. Us , bitcoin users needed to inform our friends and even all the countrymen what does cryptocurrency all about, when this news has been spread out many people will stereotype this one, and telling that all ways in crypto is not trusted, since abunda is influencial and being scammed, normal people would believe in what they hear and see not what will be the real crypto will be.

Man, this is no longer a new thing. This type of scam is like a regular thing and I keep seeing a lot of them on platforms like Twitter and even Instagram. They pretend that their project is endorsed by celebrities and before you know it you’re scammed. These scammers keeps getting smart like everyday.

I once saw one that claimed to be from the Ethereum foundation and said they are giving away Ethereum for free but you will have to send a particular amount and they will multiply it by ten, for example: you send 0.7 Ether and they will send you 7 ETH. They were even doing a fake Livestream on YouTube featuring Vitalik Buterin, and disabled the comments section, lol such a wise move 8).

Other big names involved in this scam spectrum should voice out and clarify the have nothing to do with these scammers and sue them as well because bloody scammers are looting innocent people who invest from the hard-earned money. This creates a negative impact on the real trading companies as well. I have seen some of the tenured users falling in this trap as well so whenever we encounter any such things we need to highlight it in this forum and other crypto discussion forums so that it will help others.

People are taking advantages of the anonymity of crypto to scam others and the worst of the matter is that when such things happen, the trust the people have for bitcoin diminish because they start to see it as a route through which their hard earn savings are being taken from them. It is so sad that from what the op have said, alot of filipino have little or no understanding about bitcoin and this on the other hand will make them more vulnurable to scam. I hope soon, we shall have a more reliable way of dealing with bad eggs among crypto enthusiast that are using the technology to defraud people.

Internet has made it possible to spread any news to a greater extend which almost covers most part of the countries. These people who were behind this scam might have some education qualities like digital marketing, graphic designing, etc which made them to convince other people that whatever they are publishing in 100% true. These might be some talented people not using their talent in proper section. They deserve to be under the bars because they would seriously harm a lot of people financially.

Social media, google advertising allows a lot of promotion no matter it leaves positive or negative impact on the community. Social media itself would help these to spread to the major extend.

These kind of scams usually cause greater damage to the community who are not vastly enrolled with the cryptocurrencies. I am sure, most of the people who might have found about these websites might have thought to invest in them as some of the greater personalities(probably the fake identities) from their country have been saying the same and moreover such scams get huge fund-raised and usually run away after they get profits which leaves behind a number of population which would never again gain interest in investing into the cryptocurrencies.

I would personally find some time from my routine to report these websites. Also good research about those OP!

I've seen an ad about a certain celebrity in my FB newsfeed recently, I even checked out the website but can't remember the domain. I wondered at first if it was really true but I did not fully read the article and just closed the browser. So it was indeed a scam in the making advertisement, no wonder it doesn't suit my taste  ;D Hope everyone will be aware of this Ponzi scheme.

I saw this in his TV Program I'm sad about how he said it, looks like he is allergic to bitcoin. In fact, Bitcoin is just a cryptocurrency being used as a payment method by scammers and bitcoin is not a scam. Bitcoin is just like a dollar, So if a dollar used as a mode of payment by scammers? the dollar is a scam? I wish he has more knowledge about it so he can clarify everything. Of course, it has an impact on those who don't have knowledge about cryptocurrency and blockchain. Ignorance is dangerous.

Probably the Bitcoin Revolution is just another Ponzi scheme that uses celebrities to gain more investors. It's very sad that desperate devs use other people just to get the investors they want. The consequence of their action, Filipinos will definitely lose interest in Bitcoin because they thought it's a scam since Boy Abunda stated that he doesn't endorse the cryptocurrency autotrading program.

These people aren't really affiliated with cryptocurrency, they're just using it for their own gain. On the youtube link, I noticed that users are commenting or spamming which is probably a bot that advertises PRIZM which is also weird since the video posted on the official YT of ABSCBN. People should know the difference between Bitcoin and Trading Platform, one of the basics to avoid wrong information.

There are many ways if you dont want to be trace in bitcoin transaction. Mixer is one of the way trading in every different exchange is also possible to do and deposit and play in gambling website in that case once you widraw your bitcoin it is different from what you deposit.

So, remember that tip I sent to Philippines agencies a few days ago? Never heard from them since. I wonder if they had just acknowledged my tip though as these scam sites are still online.

But at least I got the negative reviews through, except for sitejabber which deleted my negative review again.

It do really sucks when you do saw on TV on to those celebs doesnt really have that basic knowledge.It will surely give out negative impression yet these people are
way too influential which they are really capable on brainwashing peoples mind.For those who doesnt have basic knowledge about crypto and exchangers then for sure
they would really go along to that negativity towards crypto.

This isnt really a new thing about bad media or advertisement.Some things would really have that misinterpretation or misinformation.

That is why people should be keen in using social media especially if their interest, crypto currencies, intersect with it. Since the era of modern technology, social media, people are bombarded with fake news. As a crypto enthusiasts, it is our responsibility to assess, analyze and investigate information that we receive before believing it specifically about crypto currencies as we are putting our funds in the system. Celebrities are mostly engaging with endorsements because they are payed just to advertise something even if they do not fully understand or use a particular product. Even if well known people are involve with the releasing of information, we should be doubtful for identity cannot justify the truth.