Bitcoin Pishing Scam Goes Wrong

[Leonardo7]

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.

[bitsurfer2014]

It just shows you how clever these Chinese scammers are, because they relocated to another country to scam their own people. <The article stipulated that they "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.  

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.

[samcrypto]

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.

[shoreno]

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

[shield132]

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.

[DustinDo]

Nowadays, it's hard to trust anybody anymore.

[langd0e]

I would pity my assets if i got scammed. Becoming a good investor takes lots of information and determination, not just profit orientation. At least, the legal law take the right action. Stay informed. Stay safe.

[Golftech]

It just shows you how clever these Chinese scammers are, because they relocated to another country to scam their own people. <The article stipulated that they "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.  

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.

Which should be taking notes by the government all over the world especially those who are willing to adopt crypto currency. This news that spread bad image for crypto for being another venue for scamming people, not only those who are not well aware with this kind of investment currencies. Having a much stronger ruling for such Cyber case will warn those people who took overseas like Chinese to travel and do the same act.

[LogitechMouse]

The scammers are choosing Philippines as place to scam investors because people here are easy to get scammed because of lack of knowledge and the want to get profit in a quick way.

Well at least they got arrested but I believe that more scams like this will occur in the future. What Philippinian Bros need is a seminar about cryptocurrency or even the basics of Bitcoin and how not to get scammed by these scammers.

[TanakabZX]

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

273 is a lot of scammers apprehended if you ask me, i am glad this happens and i hope many more will happen, scammers needs to be dealt with so that crypto can flourish as we all hope for, if you ask me i'd say scammers are the one making crypto not trusty as expected, lets just think is there is no scams in crypto space what will be happening in crypto world now?

[NeuroticFish]

I've never visited any crypto website that asks for your private keys.

Waves platform allows cheap tokens to be made. And at some point more and more token "airdrops" popped up: they were asking the private key (not the Waves address!) to allegedly send tokens.
I gave this example because I've visited 1-2 such sites myself, just to see how they try to scam.

I expect that similar "giveaways" were done for Bitcoin too, although I didn't see any (maybe excepting the forks).

[alrose]

Really big syndicate, 273 cheater slammed at once

I'm just thinking, how many more scams are out there that we don't know about?Scammers need to be punished and then the world will be a better place .Especially the cryptocurrency world

[voltesbit777]

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

This scammer must be exclude to this industry of crypto business. Its really annoyed actually, and especially poor are the community
doesn't know anything about the phishing site who will steal the accounts of others to get what they want to get. It is really need for us to be
careful don't click at once if there's a link that will send it to you, ask before to the one who knows about this things.

[Oceat]

The scammers are choosing Philippines as place to scam investors because people here are easy to get scammed because of lack of knowledge and the want to get profit in a quick way.

Well at least they got arrested but I believe that more scams like this will occur in the future. What Philippinian Bros need is a seminar about cryptocurrency or even the basics of Bitcoin and how not to get scammed by these scammers.

I think scammers are more attracted to the third world countries since they think that most people from that country doesn't know what is cryptocurrency and how does it work. Well, as i have understood from the news they have pending cases left from their country where they scammed a lot of Chinese nationals then moved to Philippines to find another possible investors to be their next target.

People from the Philippines should have a slight idea on what is cryptocurrency if they really want to earn from it. It should start from the media to expand the use of cryptocurrency as it is the key to let people know quickly.

[Reid]

Again with the Bitcoin being dragged as an evil one on this.
Without knowledge they would not understand it and I do think there is a lot of people who will say it is bitcoin's fault even if there is no one behind bitcoin.

A currency being accused is the same as USD should be accused.

But this happened before in the same country and they made a wrong type of news which had been cleared a week after.
They should be clear on how the output will be or how the news anchor will interpret.

[pawanjain]

Honestly speaking, I have never encountered a phishing attack. Even if I would have then I am quite sure I would have figured it out that it was a phishing site.
I do keep reading the news to find out that so many people get scammed by phishing sites. Either the people must be really dumb or the scammer must have developed the phishing really well.
Anyway, it's good to know that somewhere in the world, people are actually doing their jobs well and catching these scammers and punishing them for the same.
It's always good to find out that bad people get punished for what they have done.

[stompix]

There was NO phishing scam.
Only a clickbait stupid title.

Main article:
Raid on Chinese-manned firm exposes cryptocurrency scam

MANILA, Philipppines — Local authorities — acting on a tip from the Chinese government — have uncovered what could be a growing online investment scam hiding behind a fledgling industry based in one of the country’s special economic zones.
This was after government agents last week arrested 277 Chinese nationals during a raid in Pasig City on suspicion of using cryptocurrency operations to dupe unsuspecting would-be investors back in China

So it is highly possible that many of those arrested might be innocent after all, not all the ones working for Madoff were scammers also.
I'm sure 90% of them were simply involved in calling or email or whatever possible "investors" without a clue about what's going on.

But...
Nobody is talking about the numbers?
277!!!!
Our busses can carry 92 people, you need 3 full packed busses to carry all those guys to the police station!
What the hell?
How didn't this trigger any suspicions, 300 employees from Italy working alone for a company located in Hungary would instantly raise suspicions here and we're in the EU, free movement all that bs. You have a floor packed with foreigners working for an "investment" company and you need a tip from China to react?
 

The scammers are choosing Philippines as place to scam investors because people here are easy to get scammed because of lack of knowledge and the want to get profit in a quick way.Well at least they got arrested but I believe that more scams like this will occur in the future. What Philippinian Bros need is a seminar about cryptocurrency or even the basics of Bitcoin and how not to get scammed by these scammers.

They were actually scamming Chinese people, not Filipinos. 

[adzino]

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...
-snip-
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 do deserve this. All scammers should be prosecuted lawfully. Unfortunately, its the peoples fault. They fall for all these bullshit scams. The scams are most of the time quite obvious, but like you said, due to their greed they don't think straight and then falls for the scam. These people are the ones that are actually influencing those scammers even more sadly.

[eaLiTy]

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...

Good to see news like these where criminal trying to take advantage of people and their life savings are put behind bars and these dumb criminals would have thought they could get away with BTCitcoin and so is the reason many cases are coming up in the past few years involving BTCitcoin where these scammers are luring people into investing in ponzi scams and other HYIP investments promising big returns.

[bitsurfer2014]

It just shows you how clever these Chinese scammers are, because they relocated to another country to scam their own people. <The article stipulated that they "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.  

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.

Which should be taking notes by the government all over the world especially those who are willing to adopt crypto currency. This news that spread bad image for crypto for being another venue for scamming people, not only those who are not well aware with this kind of investment currencies. Having a much stronger ruling for such Cyber case will warn those people who took overseas like Chinese to travel and do the same act.

Indeed! The crypto industry badly needs an effective deterrent that will discourage and minimize these kinds of wrongdoings!
What we  need  is applying the "strong  teeth of  the law" to  the fullest  extent  but I wonder if  this  will be  the priority of
Governments or if they have the "political will" to enforce it?