Alleged Bitcoin Mining Scam Flagged by the Philippines SEC

Alleged Bitcoin Mining Scam Flagged by the Philippines SEC

In brief

Authorities have warned about an alleged Bitcoin mining-based Ponzi scheme in the Philippines.

Investors can gain up to $92 every day, based on their initial investment.

The firm has since denied the claims and states it will continue to operate regardless of court action.

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Posted by Decrypt
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Decrypt was founded in 2018 with a simple mission: to demystify the decentralized web. They are a site dedicated to the builders and entrepreneurs of Web3. They strive to produce original coverage of the biggest stories, insightful profiles on the industry’s movers and shakers as well as engaging educational content to connect the dots.

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