MANILA, Philippines — The Cybercrime Investigation and Coordinating Center on Thursday warned the public against a rise in investment scams in the country, particularly cryptocurrency due to its skyrocketing prices in the global market.In a statement, CICC Executive Director Alexander Ramos said 14 victims of crypto and dollar scams have filed complaints with the CICC since last week.
These scammers, he said, were mostly foreigners who promise high-yield investment in cryptocurrency and often create a false sense of urgency to push unsuspecting victims to invest quickly.'Scammers also claim that offers are limited and assert that victims might miss out on an incredible opportunity,' he said.The 14 victims, he said, had been asked to invest between $100 to $1000 which they had to deposit to a foreign account.