PNP Sounds Alarm on Escalating Cryptocurrency and Online Investment Scams
The Philippine National Police (PNP) has issued a critical public advisory against the growing threat of cryptocurrency and other online investment scams, which continue to victimize an increasing number of Filipinos nationwide. This warning comes as authorities intensify efforts to combat digital financial fraud in the country.
Alarming Statistics Reveal Widespread Fraud
According to data released by the PNP Anti-Cybercrime Group (ACG), a total of 311 investment scam cases were reported across the Philippines from January 1 to December 31, 2025. Among these incidents, 12 cases specifically involved cryptocurrency-related schemes, highlighting a targeted area of concern for law enforcement agencies.
These fraudulent operations typically lure victims through promises of exceptionally high returns on their investments. In some instances, scammers even encourage recruits to bring in additional investors, creating a network of deception that amplifies the financial damage.
Deceptive Tactics Employed by Scammers
To build trust with potential victims, scammers often permit small initial withdrawals, allowing investors to see minimal profits. However, this is merely a ploy to establish credibility. Eventually, access to accounts and earnings is blocked, resulting in the permanent loss of all invested funds. This manipulative strategy leaves many Filipinos financially devastated and hesitant to engage in legitimate online transactions.
Official Guidance from PNP Leadership
PNP Chief Police General Jose Melencio Nartatez Jr. has strongly urged the public to exercise extreme caution when dealing with online investment platforms. “Every Filipino has the right to protect their hard-earned money. That is why we encourage everyone to be discerning and not easily trust online platforms offering excessively high returns,” stated Nartatez.
He further advised citizens to immediately report any suspicious activities to the nearest police station. “It is better to ask questions and verify before investing to prevent scammers and maintain trust in online financial transactions,” Nartatez added, emphasizing the importance of due diligence in the digital age.
Protective Measures for the Public
To safeguard against these scams, the PNP recommends the following steps:
- Conduct thorough research on any investment opportunity before committing funds.
- Verify the legitimacy of online platforms through official regulatory bodies.
- Avoid offers that promise unrealistically high returns with minimal risk.
- Report suspicious schemes promptly to authorities to help prevent further victimization.
This advisory underscores the PNP's commitment to enhancing cybersecurity and protecting Filipino citizens from evolving financial threats in the online landscape.
