YouTuber exposes 'scam' cryptocurrency operations in the Philippines, revealing a whole fraudulent call center system
A 23-minute investigative video by YouTuber 'mrwn' is causing a stir on social media as it reveals a cryptocurrency scam center located in Cebu, Philippines. The video has garnered over 2.7 million views in a short time.
In the clip, mrwn shows that he has infiltrated the computer system and security cameras of this center. What appears is an office resembling a call center, where numerous employees are executing scams. According to the video, they use various methods to extract money from victims, from stealing credit card information to luring people to transfer money through Bitcoin ATMs.
Immediately after the video went viral, the Cybercrime Investigation and Coordination Center (CICC) of the Philippines took action. The Deputy Minister of Information and Communications Technology – Mr. Renato Paraiso – confirmed that they had identified several individuals involved and committed to taking strict action.
Not only in the Philippines, the cryptocurrency scam situation is also troubling South Koreans. Kakao Pay – a well-known technology company in Korea – reported that they had discovered over 70,000 malicious applications related to cryptocurrency in just one month. More than 80% of them are Ponzi scheme scam apps, promising huge returns to lure users into investing money.
To cope, Kakao Pay has launched a new protective feature called 'Kakao Pay Vaccine' to warn users about these threats.
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