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.
As of now, I can't give a clear insight into what will exactly happen to cryptocurrency adoption. People should learn how to use crypto in a good purpose not for these Ponzi scheme investment that has sweet promises of high returns of your investment using crypto.
The said site hasn't been reported yet and it's spreading like a virus on social media since there are networker's joining the system so expect there are so many of them will get scam. This kind of site will not benefit on cryptocurrency since if this investment site will scattered in Philippines the adoption and hard regulation will surely be imposed and that would be bad for crypto users in PH.