Push Admin

Article (news)

THUMBNAIL-CYBER

Jessica Fenol

ABS-CBN News

<p>MANILA - The Bangko Sentral ng Pilipinas and one of the country&#x27;s top conglomerates, the Gokongwei Group, warned the public against cryptocurrency scams proliferating in social media platforms.</p><p>In a statement, the BSP said the public must be more vigilant due to the rise of artificial intelligence (AI) which is being used to make fake audio and videos.</p><p>Some bad actors are also using the names of officials and other personalities such as businessmen to lure people to invest in cryptocurrencies.</p><p>&quot;Perpetrators of these fraudulent activities post AI-manipulated content on social media to spread false information about organizations, officials, and persons, including the central bank and its personnel,&quot; the central bank said.  </p><div><a href="https://news.abs-cbn.com/business/2024/5/16/trend-micro-says-developing-app-to-detect-deepfakes-2052" rel="noopener noreferrer" target="_blank">Trend Micro says developing app to detect deepfakes</a></div><p>&quot;In particular, the BSP clarifies that Governor Eli M. Remolona, Jr. does not endorse the alleged cryptocurrency project “Tesler Code” or any other cryptocurrency investment,&quot; it added.</p><p>The BSP said misrepresenting the BSP or any of its officers or units is punishable under the law.</p><p>Suspicious activities can be reported to the BSP through the following channels:</p><p style="line-height:1">- Address:  A. Mabini St. cor. P. Ocampo St., Malate, Manila, Philippines</p><p style="line-height:1">- Contact Number: (+632) 8811-1277 or 8811-1BSP</p><p style="line-height:1">- E-mail Address: bspmail@bsp.gov.ph</p><p style="line-height:1">- BSP Facebook Messenger: www.m.me/BangkoSentralngPilipinas<span id="isPasted" style="color:rgb(29, 29, 29);letter-spacing:normal;orphans:2;text-align:start;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:normal;text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial;display:inline !important;float:none"></span></p><div style="line-height:1"><br/></div><div style="line-height:1"><a href="https://news.abs-cbn.com/business/2024/4/9/youtube-tightens-rules-on-ai-deepfakes-political-ads-amid-global-elections-1136" target="_blank" rel="noopener noreferrer"></a><span style="color:rgb(29, 29, 29);letter-spacing:normal;orphans:2;text-align:start;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:normal;text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial;display:inline !important;float:none"><a href="https://news.abs-cbn.com/business/2024/4/9/youtube-tightens-rules-on-ai-deepfakes-political-ads-amid-global-elections-1136" rel="noopener noreferrer" target="_blank">YouTube tightens rules on AI, deepfakes, political ads amid global elections</a></span></div><div style="line-height:1"><br/></div><p>Meanwhile, the Gokongwei Group also advised social media users against a scam that is using the name of JG Summit President and CEO Lance Gokongwei to entice the public to invest in cryptocurrency projects such as the &quot;Momentum Capital&quot; program.</p><p>In a statement, it said, &quot;Mr. Gokongwei, the Gokongwei Group, its subsidiaries and representatives are in no way involved in these projects.&quot;</p><p>&quot;We strongly urge everyone not to engage with suspicious platforms and to properly scrutinize web pages and links at all times,&quot; the group said.</p><p>The Gokongwei Group said it is taking appropriate measures to mitigate the proliferation of these false advertisements.</p>

<p>The Bangko Sentral ng Pilipinas and one of the country's top conglomerates, the Gokongwei Group, warned the public against cryptocurrency scams proliferating in social media platforms.</p>

The Bangko Sentral ng Pilipinas and one of the country's top conglomerates, the Gokongwei Group, warned the public against cryptocurrency scams proliferating in social media platforms.

BSP, Gokongwei Group warn public vs AI-promoted crypto scams on social media

News

Entertainment

Lifestyle

Sports

Metro.Style

More

Traffic

Manila

Horoscope

Business

BSP, Gokongwei Group warn public vs AI-promoted crypto scams on social media

Jessica Fenol,

ABS-CBN News

Published Jul 12, 2024 11:20 AM PHT

Read More:

crypto scam

BSP

Gokongwei

JG Summit

AI

social media

ABS-CBN is the leading media and entertainment company in the Philippines, offering quality content across TV, radio, digital, and film. Committed to public service and promoting Filipino values, ABS-CBN continues to inspire and connect audiences worldwide.

Corporate

Investors

Governance

International Distribution

Corporate

Governance

Investors

International Distribution

NPC Seal of Registration

Privacy Policy

AI Policy

Terms of Service

Advertise with Us

© 2025 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2025 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2025 ABS-CBN Corporation. All Rights Reserved.