Philippines to deport fugitives to South Korea for $33M Bitcoin scam


Filipino authorities have advanced on international criminals suspected of running a large-scale Bitcoin pyramid scheme. Authorities have detained two of the six individuals thought to have defrauded South Korean investors for over $33 million, while the others remain on the run. The immigration authorities of the Philippines will deport the foreign fugitives to South Korea. Manila Bulletin reports the pair ran the scam from Pasay City over approximately six months, starting in December 2015. Police allege one Korean citizen and five Chinese nationals stole millions of dollars from South Korean citizens armed with nothing but false promises and cryptocurrency hype. The…

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