Quote from: Cofee.BLUE on April 10, 2018, 06:37:57 AM

Quote from: brylle34 on April 10, 2018, 05:12:48 AM

Filipino couple amasses at least P900M in alleged Bitcoin scam

MANILA, Philippines Police have nabbed a couple promising easy wealth through popular cryptocurrency Bitcoin, Philippine National Police (PNP) chief Director General Ronald dela Rosa announced on Tuesday, April 10.

Arnel and Leonady Ordonio were nabbed by PNP Criminal Investigation and Detection Group (CIDG) operatives, the police division in charge of high-stakes and high-profile crimes.

According to Dela Rosa, the couple has scammed more than 50 unknowing investors, amassing wealth worth P900 million* in "raw capital." This means the amount of money promised to be returned is not yet included in the computation. Rappler.com

click the link for more info https://www.rappler.com/nation/199915-filipino-couple-amasses-millions-bitcoin-scam
if there are people who scam with bitcoin, The 1st impression of investors here in the philppines will look at bitcoin as scam. -_-

Well, this will be the one of many reason why some countries are not yet legalized and totally banned crypto. Because of the people that so insensitive, they never meant what will be the effect of any bad or wrong things they be done to others but I thought this issue are not only in the Philippines happened, there also some countries has the same issue. It really means that no matter where we are there is such a people like them that surrounds us so I think the best solution for this is we need to make much more strictly regulations in crypto world therefore it will lessen the people that are scammers.

This news is quite bad for bitcoin community but that is actually beyond our control wherein there are people scamming other people for their own interest. Just hoping this kind news could not impact the growth in bitcoin in the coming weeks wherein btc is already on dip.