There are a lot of Filipino Facebook groups that scam newbies. I got wary of this issue because one of my friend got scammed because he joined a "pool" but after a lot of promises the one that "pooled" their coins just vanished in an instant.
Please my Filipino friends, beware of FB groups because most of the posts there will just make you lose money.
That's the other reason why other Filipino investors afraid to investing in crypto because of these scammers, Their making crypto reputations bad to filipinos i've joined in crpto groups in Philippines and i've read alot of feedbacks to bitcoin that their money has gone because of HYIP scams, Mining scams and other investment scams and now they are scared to invest.