Quote from: Hypnosis00 on Today at 12:53:41 PM

I'm glad also to hear how the SEC reacts to the situation where there is an increase in fraudulent and scamming activities around. This really alarming... And we should be vigilant enough by not letting these scammers will succeed.

The Philippine SEC was really doing their job here, even not related to crypto investment Ponzi scam they will have been fully stopped just like what happened to the KAPA when SEC announced and warning to the public about this Ponzi scam. People will not learn unless they will not have massive losses in their investment. The same thing in crypto Ponzi scam and fiat Ponzi scam. Probably the government knows about this that not only fiat has been used in Ponzi scam also in crypto.

Quote from: Sanugarid on Today at 02:43:54 PM

Quote from: sheenshane on Today at 12:26:24 PM

I hope there's no effect in using crypto in our country (Philippines) instead, they were directly seized the groups that implement this Ponzi scheme business which is obviously scam. Just like Forsage investment scheme which is now very well known here in the Philippines. However, you can also read this SEC pdf memorandum regarding those Ponzi scheme operators.

Some of my friends messaged my about this FORSAGE, so I got curious what it is and then found out that it is an investment company...

The same thing as here sounds funny when I was acting blindly that I didn't know what is Ethereum and how it will work and why FORSAGE used ethereum and claiming they are decentralized that no one was holding the fund. When I asked who is the founder of Ethereum they even don't know, so they are diving into an investment without knowing how it will work as long as they will earn as the Ponzi scheme company promised.