FFinance and money-saving expert Chinkee Tan denied rumors of being jailed for participating in a cryptocurrency scam, calling it fake news and filing a formal complaint with the National Bureau of Investigation (NBI) Cybercrime Division. .
What is the meaning: The news warns the local crypto community to be wary of scams and fake news, highlighting the need to verify information before trusting any claims related to cryptocurrencies.
Key details: In an October 10 article, GMA News Online warned about a fake article that resembled their website, falsely reporting Tan’s arrest, with a non-GMA URL used to mislead readers.
- The news spread across social media platforms such as YouTube and Facebook, linking it to a cryptocurrency-related fraud involving Bitcoin and Ethereum.
- Tan clarified in the online program, the āOgie Diaz Showbiz Updateā, that rumors are fake news.
- According to the financial advisor, despite efforts to remove misleading ads, they continue to circulate and he is working with authorities and social media platforms to address the issue and hold those behind the false reports accountable.
- Tan then advised the public to only follow his verified social media accounts.

Key quote:
āWe recently discovered that malicious actors are using my name as click bait, misleading the public into believing false reports about my arrest. This is not only a blatant lie, but also a harmful tactic aimed at defrauding people. āI urge everyone to be cautious and verify the legitimacy of such reports.ā
Chinese tanning
The final result: The public should be vigilant against misinformation, especially in the cryptocurrency space, and only follow verified sources to avoid falling victim to scams.
Worth reading: Recently, Tan attended The Bobong Event, a gathering of Airdrop of the Bobos (ANMB), an active Telegram-based community for airdrop farming.
This article is published on BitPinas: Filipino finance and savings expert victim of fake crypto news
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